BSC - Vietnam Daily Monitor 2015.10.01 - Continue trading sideways

Summary

Foreign investors still remained net sellers on the HSX (excluding put-through transaction value of GTN), meanwhile, several important stock groups only slightly changed. Speculative stocks traded actively because they topped the trading volume on both exchanges.

Recommendation

The market is expected to continue trading sideways, the support level of 560 points has been maintained but impressive gain may still appear in a small number of stocks having positive Q3 earnings. In the current unclear market direction, investors should maintain the moderate stock weights, focusing on the underlying shares which are expected to gain impressive Q3 earnings.