BSC - Vietnam Daily Monitor 2015.12.24 - Rebounding with low transaction value

Summary

The index recovered, keeping the green color during the entire transaction time. However, liquidity is still relatively low. Market breadth was recovering from the previous session. Foreign investors remained net buyers for the 2nd consecutive session, but with greatly reduced value.

Recommendation

Cash flow is still relatively weak although the market slightly gained. This can be explained by the decrease in net buying activity of foreigners in the holiday season. The end of the year is usually the time funds calculate NAV, so in the next few days the market may recover but with not much volume. Investors holding a high proportion of stocks may consider lowering the proportion of shares in recovery sessions and bought in corrective sessions.