20160204_BSC_Vietnam Daily Review_EN_The equilibrium area is around 543 pts_Macro Update

Summary

The market reacted well to the news about the TPP and the recovery of oil prices, Vietnam stock indices gained immediately from a very early morning. However, the upward momentum in the session is negligible despite various stocks price increased. The relative low market liquidity reflects the delay entering the market of the most of investors at this moment. Foreign investors turned to buy on HSX, while kept selling on the HNX.

Recommendation

The stock index is likely to continue to fluctuate tomorrow. Yet, the volatility would be unsignificant. This is still a good time to accumulate basic shares, especially in the rhythm of the decline. Investors should continue to buy shares in the deep correction quickly sell them at high prices soup because of low short-term risk. Macro views Draft Circular No. 36/2014/TT-NHNN

Company updates

HHS - Hoang Huy Investment Services JSC (HSX)

BIC – BIDV Insurance Company (HSX)