BSC - Vietnam Daily Monitor 2015.07.22 - Market to keep increasing

Summary

The market rebounded thank to the rise of bank, securities, real estate, steel and petroleum stocks. This is a recovery session with a remarkable margin which is over 2% and a positive market breadth. Foreigners meanwhile turned net sellers on both exchanges.

Recommendation

Today's rising trend can continue to keep its pace on tomorrow. However, selling signal of foreign investors entails negative effect in short term. Therefore, the market may rebound but with weak momentum. Risk takers should avoid taking position in high prices to limit short-term risks. Risk-averse investors can keep observing the market and maintain an appropriate portfolio holding ratioperiod.