BSC - Vietnam Daily Monitor 2015.08.18 - Hit the bottom - BCC, VIC Updates

Summary

The market recovered well thanks to the rise of large-cap stocks. The indices closed at the highest price of the day. Market breadth was recovered, becoming more positive. Meanwhile, foreigners were net sellers on the market, their selling value especially focused on VND, KLS, PVS on the HNX.

Recommendation

The market is not promising in the next session after the technical recover, in the context negative news has subsided. Prospects for bank and Oil & Gas stocks are still overcast that could threaten the recover in the future. Investors consider lowering the proportion of stocks in recovery sessions. Medium and long term investors should stop buying and take more time to observe .

Company Updates

BCC - VICEM Bimson JSC (HNX)

VIC - Vingroup JSC (HSX)