BSC - Vietnam Daily Monitor 2015.12.25 - The weak ahead-Move to accumulating

Summary

The VN-Index continued to recover on the HSX thank to the increase of the large-cap stock; meanwhile, the HNX slightly adjusted. Basically, the market breadth was negative. Foreigners were net buyers for 3 consecutive sessions with a slight higher value than that in the previous trading session.

Recommendation

Short-term prospects is relatively fragile due to weak market liquidity. However, a strong reduction risk is unlikely to happen. Therefore we believe that this is an appropriate time to cumulative purchase the good fundamental stocks. Investors holding a high proportion of stocks may consider lowering the proportion of shares in recovery sessions and bought in corrective sessions.