Daily Review

20160421_BSC_Vietnam Daily Review_EN_Oil to fuel the stock market tomorrow

  • Date

    21/04/2016

  • Language

    Tiếng Việt

  • Number of Downloads

    12

Detailed report

Summary
Oil prices rose sharply in yesterday's trading boosted oil and gas stocks, especially GAS and PVS. Positive psychological impact spreads that helped the VN-Index and HNX-Index gained. Market breadth improved.
Foreign investors remained net buyers on the Vietnam stock market.


Recommendation
The market is enjoying the excitement thanks to energy stocks. Current oil price factor is becoming more unpredictable. Today, the International Energy Agency suggests that the oil production of non-OPEC group could fall the most in the recent 25 years. Oil prices continue to rise that will fuel the energy stocks in tomorrow session. Most likely, the indices have an advancing session in the end of the week.

Investors restructure the portfolio, reducing the proportion of shares when the market has a chance to conquer the support level 580 and if the liquidity does not improve in the next session.

Company updates
DHG - DHG Pharmaceutical JSC (HSX)

 

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