BSC - Vietnam Daily Monitor 2015.06.23 - Buy in the declining session - CPI Hanoi increased by 0,13% mom

Summary

The indices fell slightly. VN30 corrected causing the VN-Index fell in the end of the session. Bank stocks maintained balancing while several stocks which have a major impact on market sentiment in recent sessions as JVC, OGC, SHN continued to decline.

Excluding the net selling value on VIC, foreign investors are the net buyers in the Vietnam stock market.

Recommendation

Stock market becomes balancing, liquidity declined for the second consecutive session. The money flow had no hug changes.

Risk-loving investors might take profits gradually. Risk-averse investors continue to wait for the declinging session to open long position. Buying stocks having the prospect in 2015Q2 is reasonable at the present time.

Macro views

CPI Hanoi increased by 0,13% mom