BSC - Vietnam Daily Monitor 2015.12.16 - Heading to the resistance of 576 - 580 pts

Summary

Bank stocks were the focus inspiring market today. VN-Index and HNX-Index kept the green color throughout the session, closing at positive gains. Market breadth was inclined to gained stocks group. In terms of net foreign transaction, net selling trend remained on 2 exchanges.

Recommendation

Basically, this is the time investors should consider buying stocks for their portfolios. Although the two indicators have not confirmed uptrend, we expect the impact of Fed raising interest rates were reflected in the stock price. Technical correction may happen in the next few sessions after the index rose 4 sessions continuously. Investors should limit chasing high prices and take advantage of the correction to increase the proportion of shares.