BSC - Vietnam Daily Monitor 2015.06.18 - VN-Index to test 580 points

Summary

The main stock indices closed in the green today. However, trading volumes declined significantly. Meanwhile, foreign investors remained net buyers in the Vietnam stock market.

Recommendation

Stock indices might continue to fluctuate around the support level of 580 in the next session. Foreign investors are still supporting domestic demand. Currently, there is no significant market driving force; yet, it is time for short-term trading, especially when the stock indices decline.

Risk-loving investors can take advantage of increasing the stock weight when the market is down and take profit when the market goes up. Prudent investors should wait for a clearer signal.

Stock recommendations

Short-term portfolio: Buy CII, KDH and VCB