BSC - Vietnam Daily Monitor 2015.09.03 - Indices might down as foreigners selling

Summary

Two main stock indices of Vietnam sunk in red throughout the trading session, down by a slight decrease. However, UPCOM Index maintained a positive trading day with an marginal advance. Market breadth was narrower than the previous session. Foreigners were net sellers on the HSX while net buyers in HNX and UPCOM. Today, the gasoline price, typically the RON 92 mogas decreased by VND 1,200 per liter.

Recommendation

The unfinished net selling pressure for the large-cap stock on HSX of foreign investors caused the market decline today and probably, it will continue in the next few sessions. However, the positive point is that they boosted their buying value of the real estate on HNX. Investors can open gradually positions of the basic stock in the declining rhythm.