BSC - Vietnam Daily Monitor 2015.04.01 - Consider to buy when the index drop to 525-530 - Hello April

Summary

The stock indices fell sharply and unexpectedly in the first session in April due to the impact of oil and gas stocks, especially GAS, PVD and PVS.

Foreigners rose significantly their net buying value, especially CII.

Recommendation

In the previous report, we warned an unreliable signal of the recovery without liquidity. However, the weakening of the indices came faster than we expected. Observing changes in the today’s trading session, we found that several positive points still exist: the return of foreign investors, and the negative impact come from only the energy stocks.

However, we believe that the market might drop tomorrow whenever VN-Index touch the level of 525-530. We recommend traders to stop selling and plan to buy when the market balance at 525 or 530 points. Cautious investors continued patience out of the market at this point.

Monthly Story

Hello April

Stock recommendation

Short term portfolio: Cutloss in CVT, TNG.