BSC - Vietnam Daily Monitor 2015.11.04 - Profit-taking after the rally yesterday

Summary

Two main indices weakened in the end of the day yet rising in most of the trading time. Both closed in the red with a slight reduction. Market sentiment turned backwards compared to yesterday as the losers predominated the advancers. Foreign investors were net buyers on the HSX and HNX, while sold negligibly in UPCOM.

Recommendation

The market seems not to be ready to speed up as the market confidence is not enough. The upcoming short-term trend is still accumulating. The money might circulate around and rotate to several bluechips, keeping the indices in the next session. Investors maintain a reasonable proportion of stocks, consider taking profits gradually in the rally and increasing stock weight in the down session.