BSC - Vietnam Daily Monitor 2015.12.07 - VN-Index to figure the bottom

Summary

Three exchanges were red in Monday. The amplitude decreased on VN-Index and UPCOM Index more significantly than on HNX-Index. Market breadth narrowed. Meanwhile, foreigners were net sellers on two main exchanges HSX and HNX.

Recommendation

Outlook for the market in current week has not improved. Factors against the recovery seems to be higher. Foreign investors remained net selling, and only one more week before FOMC begins.

Short-term investors should wait for the next declining session to buy with better prices. Medium and long term investors might consider reopening the long position with fundamental shares, not chasing the increasing sessions.