BSC - Vietnam Daily Monitor 2015.12.10 - Market could still weaken

Summary

Trading in green in today morning session, Vietnam market finally declined on Thursday. Foreign investors have been net sellers for 8th consecutive sessions on HSX.

Recommendation

The market is likely to continue trading sideways, reflecting the caution of investors. Market’s movement may change sharply if the investor’s sentiment returns positive. Good factor driving this change can come from a buy of foreigners.

We remain our previous recommendation. Accordingly, investors should not buy in gaining sessions because short-term risks are still high. Medium and long term investors might consider buying fundamental shares in deeply adjusted sessions.