BSC - Vietnam Daily Monitor 2015.08.26 - The selling value of foreigners to rise

Summary

The market increased thanks to the more balanced psychology. In contrast to Monday, nearly 1/6 of the shares on the two exchanges soared. Market breadth improved, particularly the large cap stocks in the petroleum, banking, securities, aquaculture and steel sector. Foreign investors were net sellers on the 2 bourses.

Recommendation

Contrary to our prediction yesterday, the market sentiment seemed to be more stable. In short-term, the VN-Index might retest the resistance before rising further, or it could ignore a test of the bottom. The outlook above is based on assumptions in which no negative factors occur. Investors considering taking profit in the increasing session. Risk averse investors with high cash weight should not buy at any price in rally sessions.