20160620_BSC_Vietnam Daily Review_EN_Rebound as expected_Company Updates and TA BMP

Highlight

The odd for Brexit dropped after the death of British MP helped global stock markets and oil prices ecovered in last friday session. That positivity was spreaded to Vietnam stock market today. Due to the end of sellings from ETFs, the rise of oil and gas group, following the recovery of oil prices, lifted two main indices. In reverse, after a week traded quite well, the news that MTM, one of the stocks with highest liquidity on Upcom, stopped its operation after only 2 months listed on Upcom and was forced to suspend trading, led Upcom decline today.

Recommendation

As we expected last week, as the strong selling pressure from last week is over, the market has recovered well along with common market across the region and the world as the pressure from Brexit is reduced somewhat, leading is the oil and gas stocks which are strongly supported by WTI oil prices. The shares were sold sharply in the previous session as VIC, HPG, NT2 has recovered quite well this session. The technical indicators are showing initial positive sign and with the fact that VN-Index closed at its highest level during the day and higher than resistance 625 is a good signal for the market in the next session. However, the market trend has not been clearly defined, hence, investors should not increase the weights of shares in portfolio, may be interested in the shares of promising good business results in Q2.

Company updates - BMP - Binh Minh Plastics Jsc. (HOSE)

Technical views - BMP - 'Binh Minh Plastics Jsc. (HOSE)