BSC - Vietnam Daily Monitor 2015.05.13 - Keep sideways - Macro updates

Summary

The market declined slightly while trading volume did not change much. The market breadth was fairly balanced on both exchanges.

Foreigners were net sellers for the second consecutive session.

Recommendation

It seems hard for the market to break in the next session due to lack of positive signs from cash flow as well as investor sentiment.

Investors should continue to observe cautiously and only disburse in the session fell.

Macro views

Credit growth increased by 3.69%

TPP negotiations might be delayed