BSC - Vietnam Daily Monitor 2015.03.23 - Continue declining

Summary

The market continued correcting because of strong foreigners’ selling pressure, especially in Oil & Gas stocks.

Several notable gainers were MSN (+2.5%), DXG (+1.8%) and NT2 (+0.4%).

Recommendation

Selling pressures from both foreigners and domestic investors might result in negative direction of the market.

We recommend investors observing carefully movements of both foreigners’ cash flow and the market before opening position in fundamental stocks.