BSC - Vietnam Daily Monitor 2015.08.07 - Foreigners may continue buying

Summary

Foreigners continued buying on both exchanges. The market breadth was fairly balanced with 184 advancers / 176 losers on both exchanges.

Recommendation

The market continues shaking to retest the support level of 600 pts as our previous mention. Recall that they were net buyers on both exchanges on last two trading sessions. If this process continues, the market is likely to accumulate around the support level of 600 pts. Risk-seeking investors continue to consider opening position in the declining session. Prudent investors should continue standing outside the market to wait for a clearer direction.