BSC - Vietnam Daily Monitor 2015.11.03 - The rally might be continued

Summary

In contrast to yesterday, the market sentiment improved positively, especially since the early afternoon session. The two main indices rose sharply, closing at the highest price range of the day. Market breadth improved, liquidity increased significantly. Foreigners were net buyers on the HSX and UPCOM, while sold on HNX.

Recommendation

The market situation improved due to the support of several bluechips. The upcoming short-term trend might be positive, the market indices could hold the rally momentum since there is currently no negative information in the market. Investors continue taking profits gradually in the rally and increase stock weight in the down session.