BSC - Vietnam Daily Monitor 09.03.2015_Rally will occurs on Wednesday

Summary

The market fell mainly in the afternoon and had recovered slightly in the ATC session.

Foreign investors kept selling for the second consecutive session on HSX.

General market liquidity continued to decline slightly.

The notable gainers were STB (+ 2%), JVC (+ 2.7%), and TMT (+ 6.1%).

Recommendation

We believe that the current selling action of foreingers is the short-term taking profit. Risk lovers consider open positive when the VN-Index moves back to its support level between 580 and 584 points. However, investors should quickly cut loss in case of the negative scenario, in which VN-Index and numerous leading stocks puncture technically its support level, occurs.

Company Update

TNG - Investment Corporation and Trade TNG.

Stock recommendations

Short-term portfolio: Open position in PVT.