BSC - Vietnam Daily Monitor 2015.05.19 - Rally might not prolong - Market views

Summary

The market recovered, regained the majority of the lost points yesterday. The advancing stocks in this session are the automobile, banking and oil & gas.

Foreigners increased their net buying volume totaling VND 131 billion on both HSX and HNX.

Recommendation

The market rebounded today as the index entered the strong support of 520. Prices in low range have activated the bottom-fishing cash flow. However, we do not expect this rally prolonging due to the absence of positive news.

We recommend investors to take advantage of rally sessions to lower the stocks weights and wait for more positive signals.

Market views

Market statistics over the recent meetings of the thirteenth National Assembly of Vietnam