BSC - Vietnam Daily Monitor 2015.11.12 - Market to shake again

Summary

Vietnam market has fluctuated strongly today, however, the support level of 600 pts has not been broken. Foreign investors are selling significantly on HSX.

Recommendation

The recovery of Vietnam market by the end of today session indicates that the demand in the low prices is still very strong, which helps the market temporarily not face with a sharp correction. The support level of 600 has been quite solid, so the market is expected to retest this level in a hard way. As a result, the shaking will continue to happen in the next sessions. Risk-seeking investors can take position without margin in the down sessions and should quickly take profit.

Stock recommendations

Short-term portfolio: Take profit VCB, cutloss PVS