BSC - Vietnam Daily Monitor 2015.05.22 - Brighter prospect in the next week - Obama has stepped one foot into the TPP negotiations

Summary

The market increased impressively on Friday thanks to the lead of both banking and “full-room” stocks.

TPA has just been passed by the US Senate, which helps some stock groups, such as textiles, perform more positively.

The rumor about the ability to open room for foreigners also resulted in VN-Index higher.

Foreign investors continued to buy, especially on HSX.

Recommendation

The market moved more positively than our last week predictions. In next week, although a huge amount of stocks bought on 20 May will arrive the trading account of investors, we anticipate that the market will stabilize and not fall deeply. Especially, if several positive macro news as opening room for foreigners and the pass TPP occur, it is possible for market to accelerate significantly.

We recommend investors to consider gradually allocating an appropriate weight on fundamental stocks to prepare for new uptrend.

Weekly story

Obama has stepped one foot into the TPP negotiations