BSC - Vietnam Daily Monitor 2015.04.07 - Short-term recovery - Macro Update

Summary

The market indices rebounded due to the recovery of the banking sector, securities, and real estate. Liquidity increased compared to the previous trading session.

Foreign investors turned net sellers on both the exchanges.

Recommendation

We believe that the stock indices recover in the short-term with risks. Normally, after a decline, stock need time to accumulate in order to build a new sustainable momentum. In addition, foreign investors have not acquired to support the market.

In short, investors can make venture transactions and short-term profit-taking. Cautious investors should stay away from the market at this time.

Macro views

Oil prices rose sharply within the last week.