BSC - Vietnam Daily Monitor 2015.07.21 - A possible technical rebound tomorrow

Summary

The market declined towards the end of the session while insurance stocks price dramatically decreased and market liquidity was weaker. Foreign investors increased their net buying value on HSX, but sell unexpectly on HNX. Numeros securities stocks were sold today.

Recommendation

The market may have a technical rebound in the coming session due to strong demand at lower prices and expectations for Q2 business result of listed companies. Another factor which is likely to support the next session is the more balanced market breadth.

Venture investors can take positions gradually in the next sessions with stocks expected to have positive business results. However, we highly recommend selling if there is negative signal from the market. Risk-averse investors should avoid taking positions in this period.