BSC - Vietnam Daily Monitor 2015.05.20 - Time to basic stocks - Macro views

Summary

Vietnam stock market had a strong gains today. Market breadth widened with the rise of numerous stocks.

Trading volume rose sharply from the previous trading session.

Foreign investors keep purchase on both exchanges with the net buying value of VND 114 billion.

Recommendation

The positive news related to market structure changes play the surprising factor, helping the market boom in the session today. Investors psychological stability partially confirm the recovery in the recent days.

We recommend investors wait for confirming signals of the market recovery. Medium and long term investors might consider opening a position of basic stocks.

Macro views

Gasoline price might be adjusted