BSC - Vietnam Daily Monitor 2015.12.03 - Foreign investors keep selling significantly

Summary

VN-Index and UPCOM-Index had a relatively positive session. However, VN-Index failed to hold the green color in late trading as declining slightly. Speculative stocks weakened in today's session. Market breadth shrink compared to yesterday. Foreign investors net sold on two large exchanges and slightly bought on UPCOM.

Recommendation

Current recovery adjustment seem to correspond to the technical recovery adjustment after the decline. In the absence of supporting information in present, the indexes are likely to accumulate and rage in the coming sessions. Investors holding a high proportion of stocks should consider reducing the proportion in market recovery adjustment. Cautious investors can buy fundamental shares gradually when market adjusts again.