BSC - Vietnam Daily Monitor 2015.06.24 - Indices rebound tomorrow

Summary

The stock market declined slightly. However, the market breadth was fairly balanced as the number of advances was slightly less than that of losers. Oil & Gas, securities were the advances, while banks and construction stocks closed in the red.

Similar to yesterday, foreign investors remained net buyers on the exchanges if excluding the net sales in VIC.

Recommendation

Markets are shaking with a narrow range. Demand is still quite strong, particularly in large-cap stocks thank to the demand of foreign investors. In the future, the market will be more positive because Q2 earnings prospects and the end of Congress meeting. Tomorrow, stock indices will continue to shake.

Risk loving investors could buy in the correcting time to take advantage before releasing Q2 earnings results.