BSC - Vietnam Daily Monitor 2015.05.14 - Hard to break - Macro updates

Summary

The stock indices are maintaining sideways trend with a slight change. At the close, the VN-Index gained due to the positive performance of bank stocks.

The market breadth was fairly balanced.

Recommendation

Current market movement is consistent with our recent forecast. The market seems hard to have a breakthrough since foreigners likely to stop buying and there is lack of supporting information.

We recommend that investors can disburse in the declining session with a tiny weight to take advantage whenever the technical rebound occur.

Macro views

TPA has been passed by the US Senate

TPA between Vietnam and the Eurasian Economic Union is expected to be concluded by the end of May