BSC - Vietnam Daily Monitor 2015.09.04 - The market to accumulate

Summary

The stock trading movement was rather slowly on Friday, falling nearly 1/4 compared with that in the previous trading session. VN-Index maintained in green throughout the day thanks to the advance of the majority of large-cap stocks, especially MSN. In contrast, the HNX-Index and UPCOM Index closed in red at closing. Market breadth returned balanced.

ETF updates: FTSE has announced the quarterly portfolio review. Accordingly, BID has suddenly been added to the portfolio. Besides, PDR and TTF also be computed to their list. No shares was removed during this review. As a result, the number of shares in the FTSE Vietnam Index portfolio increased from 16 to 19. SSI is not excluded from FTSE’s portfolio due to it "timely" relaxed room for foreigners up 100% since 1st Sep 2015.

Recommendation

The market will continue to accumulate in the next session. The supporting information absence, the hesitation of market and expectations on foreign investors' trasaction are the basis for the statement above. Investors can take advantage of cumulative sessions, gradually buy basic stock.