BSC - Vietnam Daily Monitor 2015.08.12 - 600 pts will be tested again

Summary

Insurance stocks and bank stocks increased significantly today. In contrast, majority “open-room” stocks closed in the red.

Recommendation

Market will not probably be early breakout the short-term peak of 640 points in the coming time. Technically, the 600 points level has been tested repeatedly in the recent period, and we expect VN-Index will not be easy to break down this support level. Investors holding a high proportion of stocks in the portfolio should consider reducing stock weight in gaining sessions. The cautious investors should be outside the market and observe more carefully.