BSC - Vietnam Daily Monitor 2015.11.26 - The VN-Index might retest 600 pts

Summary

VNM continued declining, partly resulting in the drop of VN-Index. Foreign investors have been net buyers on HSX for 6 consecutive sessions.

Recommendation

Selling pressure is not really drastic. If foreigners do not sell strongly and blue-chips continually trade positively, current drop of the market will not be too sharp. Risk-seeking investors could consider take position in the down sessions and take profit in case VN-Index fails to re-test resistance at 600 points.