BSC - Vietnam Daily Monitor 2015.09.10 - A necessary correction

Summary

Most stock declined today, corresponding to a correction after recent two gains. The index fell slightly, while market breadth narrowed. Foreigners were net buyers for the 2nd consecutive session on HSX, while net sellers on HNX.

Recommendation

The correction today is the normal motion of the markets. The foreign investors maintained buying that support the market sentiment consolidation. After the correction, the market is likely to go back soon. Short-term investors may open position. Medium and long term investors should continue to gradually take a position on shares during this period.