BSC_Vietnam Daily Monitor 2015.07.06_Weekly trend - Need a broader rally

Summary

The stock indices rallied sharply. Insurance, oil and gas, automotive were the most advanced sector today. Market breadth was positive with gainers overwhelmed losers.

Liquidity increased slightly compared with that in the last week. Foreign investors remained net buyers on both exchanges.

Recommendation

The market keeps active with a circulating money among the textile, securities, insurance, oil and gas stocks. Real estate and construction are expected to be the next advances. However, only the large-cap stocks and bluechis led the stock indices. If the money flow do not spread across other groups, the correction will happen soon.

Investors continued to take profit stickers which have much gains. Investors might not consider to open position unless the market correction takes place.

Stock recommendations

Short term portfolio: Take profit partly VCB and TNG

CANSLIM portfolio: Reduce the stock weight of SD6 and FMC