BSC - Vietnam Daily Monitor 2015.03.13 - Continue accumulating

Summary

The VN-Index and HNX-Index continually closed at their today lows.

Foreign investors continued to be net sellers on both exchanges with descending net selling value.

The money flow index - MFI(14) showed a slight increase, the cash flow are signs of recovery, the RSI (15) is not showing a clear trend until today, remain sideways.

Recommendation

Although there will be more positive news, domestic demand seems not strong enough to lead the market.

We believe that it is time to buy stocks which expected to have positive Q1 earnings or high dividend yield.