BSC - Vietnam Daily Monitor 2015.07.27 - Hard to breakout

Summary

Several "full-room" shares continue increasing impressively today. On the other hand, insurance stocks continued experiencing the correction. Several shares surging significantly in both price and volume include TNG (+ 9.7%), NDN (+ 7.4%), VHC (+ 7%) and PGD (+ 6.8%).

Recommendation

As previously mentioned, there are numerous positive information supporting the market. Selling pressure from foreign investors is still not large, thereby the market is likely to continue rising tomorrow. Risk-seeking investors should wait to take profit and not chase high prices in gains. Cautious investors should continue to wait for better buying opportunities because the VN-Index is near its 2014 peak.