BSC - Vietnam Daily Monitor 2015.10.28 - Another day of accumulation (2) - HSG, NKG and SHP updates

Summary

Foreign investors turned to sell on 3 exchanges today. The indices were in green in the majority trading time, however they quickly fell with a slight margin in late minute of the day. Overall, the indices continue to fluctuate. The equilibrium of the market is still maintained.

Recommendation

A accumulating session is likely to be continue tomorrow due to the absence of information as well as the declining demand from foreign investors in today. The trading range of VN-Index in the next session would be 595-600 points. Investors should maintain the proportion of stocks at a reasonable level, take profit in gaining session and increase stock weight in the declining session.

Company Update

HSG - Hoa Sen Group (HSX)

NKG - Nam Kim Steel JSC (HSX)

SHP - Southern Hydropower JSC (HSX)