BSC - Vietnam Daily Monitor 2015.10.29 - Need to retest 600 points

Summary

The market reacted positively after the unchanged FED rate yesterday. Besides, oil price soaring that supported the market sentiment. The highlight today is the increase of Vinamilk as well as other stocks in building materials, construction, and securities sector. Foreign investors remained net sellers today.

Recommendation

The short-term sentiment would remain positive. However, VN-Index has exceeded 600 points, hence, it could return to the accumulation status anytime if there is no supporting information anymore. The mid-term trend is still positive. Investors should maintain the proportion of stocks at a reasonable level, take profit in gaining session and increase stock weight in the declining session.