Markets are riskier

  
 According to the brokers, with foreign investors continued to sell strongly, along with the digital signal that the market is risky.


    Stock Investment Strategy report stated criticism of a market for the trading of Securities on 25/6.

    

    Maybe consider buying

    (FPT Securities - FPTS)

    The market declined due to the negative impact from the trend downward adjustment of the global stock, as well as the net sellers of foreign investors. Over the past two weeks continuous foreign selling strong, especially at the end of the session caused considerable pressure on the market, sales concentrated in large-cap stocks that trade activities of domestic investors are cautious and pessimistic.

    When the water has no positive information, all the operation of the market is following the current trend of foreign investors. However, in version 24/6, in addition to negative movements of stocks, the stock pillars holding the green at the end of the session may have short-term attractions and not dependent on the market. Investors can consider buying a share portfolio at the time of adjustment of market, prioritization of basic shares have fallen about 20-30% of the attractive price and is less affected by foreign investors .

    

    Short-term investors limited market participation

    (ACB Securities - ACBS)

    Along with the Asian stock market, Vietnam market also tumbled sharply on 24/6 when the demand is very weak though VN-Index has fallen far behind the top 533. Close, VN-Index plunged 9.10 points (1.82%) to 489.74 points, while the HNX-Index also plunged 0.71 points (1.10%) to 63.55 points pierced supported in version 63.6 points.

    The total trading volume of nearly 96 million shares, representing more than 1,400 billion. Foreigners were net sellers on HSX worth 176 billion, focused on BVH (21 billion), DPM (34 billion), HAG (15 billion) and VIC (26 billion). Meanwhile, the volume of net sales over 15 billion on HNX, revolves around PVS (7 billion), PVX (2.8 billion) and VCG (7.7 billion).

    Technically, the index pierced the 490 and 63.6 in the support session is a negative sign in the next session. As mentioned in previous reports, the breakout will occur if the real will show weakness in the medium-term trend of the market. Accordingly, the VN-Index and HNX-Index can go back to the strong support of the 460-465 and 61 respectively. We recommend investors short-term (1 month) limited participation in the market at the moment.

    

    The market will fall into a correction to the relative slope

    (Securities on Vietnam - BVSC)

    The market plunged sharply plummeted with the momentum of blue-chip stocks on both exchanges. Selling pressure from foreign investors, focusing on key stocks such as BVH, DPM, HAG, VIC ... continues to be the main reason to push the market to decline. This phenomenon has been noted in our previous report with the trend of selling certificates ETFs investors, leading to short-term needs divestments in the emerging markets. Many investors too focused on portfolio restructuring period of two funds should have been surprised when the stock price performance is not as expected and led to the sell-off later. This is also the reason why the code ETFs are bought in the last week was the biggest declining stocks in session 24/6.

    Although this is considered the factors of supply and demand in the short term but it triggered a correction, pushing the indices back short-term downward trend after the 6 month period prior rally. Along with the gap in terms of macroeconomic news in the third quarter, we believe, will be very difficult for the surfing strategy can profit significantly in the short term future. Factor II-quarter results may create certain differentiation between stocks, but also difficult to create a break point downward adjustment in the context of the overall market.

    We continue to favor market scenario will fall into a correction slope relative to the third quarter. In the next few sessions, the market is likely to react early recovery

    VNINDEX short while back the support of 480-485 points. The strategy "bottom" here should be a priority for the available shares in your account and control low density.

    

    Should reduce the proportion of shares to a low

    (BIDV Securities Company - BSC)

    VN-Index unexpectedly falling below 495 points mainly due to divestments of operations in terms of ETFs do not have much information macro support. With a long process of monitoring the development of ETFs and foreign investors, we believe, can not be divested operations early stop meant downward pressure is dominant. Therefore, we recommend investors reduce the proportion of stocks into low, increasing the proportion of cash. In the process of decline, the market may recover when the 485 hits and investors should take advantage of the market recovery time to reduce the proportion of investment.

    

    Markets are riskier

    (MB Securities - MBS)

    After passing a few sessions last week, the market has turned bearish as the index lost two big points. The digital signal will confirm the current trend. Vnindex formed a large black real body through the 492 support level. Technical indicators DI-DI + crossed above signal decreased with HNXIndex. The signal that the market is more risky, investors should consider closing long positions.

    

    Speculative stocks inappropriate

    (Maritime Bank Securities - MSBs)

    Strengths slumps on 24/06 with a pretty bad day candle affirmed the short-term downward trend of the market. The adjustment will continue and extend sideways and participating in the market at present hidden risks in the short term. At first, we believe, version 25/06 is likely to decline with the script VN-Index may fall near the support level of 480 points. Speculation will not share appropriate by investing in a few good stocks with medium-term perspective. Be patient and have good stocks may gradually when purchasing market correction.

    

    Hardly any strong rally took place

    (Vietnam Investment Securities - IVS)

    Infor series appear to have a positive impact both Vietnam's stock market index which was down pretty deep today. The first is the global market is not out of the doldrums after the Fed statement and the economic news is not good for the Chinese economy has just been published. Next is the June CPI rose 0.05% light effects also appear in part to the psychology of investors led selling pressure increased.

    However, an important factor to mention is the behavior of foreign investors. According to statistics, foreign investors have tended to withdraw capital from emerging markets, including Vietnam. This is shown by the continuous net sales volume in this June. In the 24/6,, the volume of net sales in the second floor is more than 8 million shares. With the selling pressure is quite big like that, IVS that ETFs did not seem to stop the sale of their works. Therefore, in the coming session, the market will be heavily influenced by the dynamics of these funds.

    Moreover, the current investor psychology is quite weak, mainly observing the market this week is expected to face many difficulties. Thus, it will be hard to rally strongly held by any call of the market recovery will see large sales force investors to exit row.

    Even so, the market has shown a few positive points. The first is whether the market decline, but largely due to the impact from large cap stocks such as VNM, BVH, MSN, ... In addition, the most interesting point of the market is the mid-cap group still keep the point, is not decline too deep. The market is not panicking, buying at low prices still good.

    

    Will continue declining for a few more days

    (PetroVietnam Securities - PSI)

    With the current economic situation, we are still maintaining a positive attitude in the medium term with the stock market. In short, the technical methods VN-Index shows strong support area 470-480 points, corresponding to the HNX-Index in the region 62. The market fell to intense selling pressure that often quickly narrow down low liquidity is a positive signal in the short-term correction. Before selling pressure by foreign investors, the market will likely continue to fluctuate for a few more sessions reduced, however, investors should stick to the market place in support areas mentioned above, the decline in cases narrowing may disburse a portion of the market participants. We also note that, on net sales of ETFs funds are important factors that affect short-term movements of the market during the lack of supporting information.