BSC - Vietnam Daily Monitor 2015.04.16 - VNM ETF will be net buyer tomorrow - SD6 Update

Summary

The notable gainers today belonged to Oil & Gas, Infrastructure construction, Banking and Real estate stocks. Foreign investors continued to be net buyers on both exchanges, partly because ETFs are now trading at a "premium".

Recommendation

The Oil & Gas stocks are likely to stop incresing strongly in the next sessions. Technically, investors can expect the market goes up to 580 pts in this wave, but the "turbulence" will likely to occur around 570 pts.

Thus, the correction can be a good opportunity to increase the proportion of stocks in the portfolio, especially stocks with good business results and have not increased much.

Stock recommendations

Short-term portfolio: Buy VIC

Company update

SongDa No.6 JSC (HNX)