BSC_Vietnam Daily Monitor 2015.08.24_The week ahead - Negative fluctuations

Summary

The market plummeted on Monday. A total of 204 stocks dropped to the floor price on both floors. However, foreigners return to net buying position with the total net amount of VND 200 billion on both floors.

Recommendation

VNindex significantly fell in a short time in the context the developments of macro economy, domestic market and international market are complex . Selling pressures in coming sessions may still be strong, affecting the overall index. However, investors should keep in mind two positive factors: (1) the return of foreign investors and (2) the current attractive level of P/E. Risk seeking investors should consider disburse in exploration. Investors with high proportion of stock in the portfolio should wait and lower the percentage during technical recovery sessions to limit price disadvantage.