BSC - Vietnam Daily Monitor 2015.06.19 - Bigger fluctuations in the week ahead - Textile sector and Free trade agreements

Summary

The markets jump just moments after the positive news about TPA is spread out. Market breadth was positive, especially fisheries and textile group. Trading volume in the last session of the day burst out due to trading activities of ETFs.

Closing the week, VN-Index has increased slightly, up by 0.34%, coincided with our positive forecast at the beginning of the week.

Recommendation

The market has yet to break, the indices will continue to oscillate between the band of 575 and 600 points in next week despite several positive macro news. Significant selling pressure and unconvincing demand are two factors causing market volatility and strong differentiation. Trading opportunities will appear in next week.

Venture investors consider taking profit in the rally, while conservative investors should be patient and wait for the correction to buy into the basic companies' stock.

Macro views

Textile sector and Free trade agreements