BSC - Vietnam Daily Monitor 2015.04.22 - Selling pressure is declining

Summary

Markets closed with a slight decrease. HSX's trading volume increased slightly, while that of HNX plummeted. Foreigners were net buyers for the 10th consecutive session on both exchanges. Stocks of building materials sector, typically cement firms soared thank to the positive business results in Q1.

Recommendation

We expect selling pressure will drop in tomorrow, combining with the dynamics of net buying of foreign investors are the positive support to the market until the upcoming holiday. Therefore, the short-term prospects for the market will be positive unless banks and Oil and Gas stock do not receive any supports.

We recommend investors to maintain equity in the portfolio through the holiday season.

Stock recommendations

Short-term portfolio: Profit taking in VIC, VCB, ITA; Reducing DXG

CANSLIM portfolio: Buy HT1, BCC