BSC - Vietnam Daily Monitor 2015.07.29 - The market to fluctuate tomorrow - GSP, FPT Updates

Summary

VN-Index closed down as decline trend continued in the last trading session. Market breadth was narrow as the falling stocks outnumbered the gainers. Foreign investors continued to be net sellers for the third consecutive session on both floors

Recommendation

The market is considered to face some negative signals in the short term, especially the decline of foreign net buying amid weakening domestic demand. In the next sessions, the indexes is likely to shake-up Risk takers should lower their proportion of stock holdings in their portfolios. Risk averse investors should not taking positions and have further market observation.

Company updates

GSP - International Gas Product Shipping JSC (HSX) FPT - FPT Corporation (HSX)