BSC - Vietnam Daily Monitor 2015.03.25 - Foreign investors are likely to sell tomorrow - Macroeconomic focal point_USDVND Rate - CEO Updates

Summary

The foreigners’ selling pressure and sharp decline of Oil & Gas stocks, especially GAS, impacted significantly on the decrase of stock market. However, market breadth was fairly balanced.

Recommendation

The change of VnIndex is marginal if GAS is excluded from the Index. Foreign investors will likely continue to be net sellers tomorrow, thereby the market will continually decline.

Risk lovers should be cautious before opening position. With risk averse investors, we do not recommend taking any position.

Macro Views

Macroeconomic focal point: USDVND Rate

Company Update

CEO – CEO Group (HNX)