BSC - Vietnam Daily Monitor 2015.11.23 - Market may continually decline

Summary

Vietnam market fell to 600 points, largely due to the sharp reduction of VNM. However, the market breadth remained relatively balanced. And foreigners backed to buy strongly on both two exchanges.

Recommendation

Before the breakthroughs of VNM, VN-Index traded around 590 points, and in case VNM adjusted more deeply, VN-Index will be more likely to continue to descending closed to this threshold. Risk-seeking investors can buy when VN-Index closed to the support level of 595-600 points, note that investors should stop loss in case that the market (and many Blue-chips stocks) decrease strongly with large volume.

Stock recommendations

Short-term portfolio: Buy IJC and G20