BSC - Vietnam Daily Monitor 2015.11.05 - Market liquidity is decreasing

Summary

The market was led by VNM and BVH today. HAG, KTB, PTK và GTT increased significantly in both prices and volumes.

Recommendation

Movement of the market has been now heavily depended on the fluctuation of VNM share. One bad sign is that amount of total market’s margin is higher as in July 2014 and July 2015, according to unofficial statistics. Therefore, in case that current leading stocks become weak, the market may face with strong profit taking of domestic investors. Investors should take profits in the rallies and may recover in the down sessions, not use margin at this point.