BSC - Vietnam Daily Monitor 2015.07.07 - Foreigners will support the stock indices

Summary

VN-Index continued to rise thanks to bank and insurance stocks. Meanwhile, HNX-Index unexpectedly fell slightly in late trading session. Securities, real estate and oil and gas stocks went down together. Foreign investors keep buying on both exchanges.

Recommendation

The money flow has not spread, the market is still depending on the insurance and banking stocks. Hence, the stock indices might probably reversed unless these sectors decline. However, the current positive momentum can remain for several sessions thanks to the purchase of foreign investors, which is supported by the positive positions of the ETFs.

Investors continued to take profits tickers which have much gains, and bridle opening a new position unless the market correction takes place.