BSC - Vietnam Daily Monitor 2015.06.09 - A normal market correction - CLG Update

Summary

Vietnam market continually performed high volume without significant increase of price.

The falling of several leading stocks such as VCB, BID and HHS directly affected to investor’s sentiment.

Recommendation

We still confirm that the market is now experiencing a normal correction when the indices hit strong resistance. In this situation, stocks rising sharply earlier will be often sold.

Hence, we recommended investors to reduce weight of stocks in our yesterday's report and consider covering position because this market’s correction might end soon.