BSC - Vietnam Daily Monitor 2015.09.22 - Selling pressure to be increase

Summary

The two main stock exchanges, including the HSX and typically HNX, still maintained the green in the end of the day. HSX's breadth was narrowing, yet the whole market breadth kept balanced thank to the positive HNX's breadth. Real estates stocks played a key role to relay the market sentiment in the trading time. Foreigners increased their net selling value on the HSX, while turned to buy on HNX.

Recommendation

The positive sentiment will gradually narrow in the next session for the absence of supporting information. The market will accumulate thereafter. The index will move sideways in a narrow range, or even decrease tomorrow. Markets went into a positive cumulating phase. Therefore, short-term investors and the medium-term consider to open position or even increase the stock weigh in declining phases in order to have a good anchor for the upcoming period.