BSC - Vietnam Daily Monitor 2015.07.14 - Hard to break the 640-points level (2)

Summary

The positive movement of financial sectors, including banks, securities and insurance stocks helped the market recover and avoid a correction. Market breadth weakened considerably, especially on the HNX, the number of declines was even double compared with that of increases. Foreign investors increased significantly their net buying value in the market.

Recommendation

Markets seemed to shake when approaching the previous peak of 640 points. In this area, the existing risk becomes clearer so that the decline can occur at any time. Investors continue to adjust the stock weight of the portfolio. In particular, investors should take profit the stocks which have much gains, while not to open new position. For the accumulating stocks which have not increased much, investors might consider to buy gradually.