BSC - Vietnam Daily Monitor 2015.08.06 - The VN-Index to test the support of 600

Summary

Mainly gaining in the morning session, however, two key indices unexpectedly dropped in the afternoon session. Market breadth narrowed significantly as the number of declines strongly expanded. The goods news is that foreign investors increased dramatically their net buying value on both exchanges.

Recommendation

The VN-Index is testing the support level of 600 in the present moment; hence, market fluctuated strognly in the afternoon session. In the next few sessions, theVN-Index might continue to test the support level of 600. Investors consider to open the position in the declining session. In the case that Vietnam stocks rapidly fell into bear market, investors should be quickly closed position to preserve the portfolio.