BSC - Vietnam Daily Monitor 2015.03.16 - Technical rebounce may occur tomorrow - ETF, KBC updates

Summary

VN-Index fell by 0.9%, approaching the supporting level of 580 points, mainly due to the decline of VCB and MSN.

Foreign investors reduced their net selling value while the domestic investors increased the supply in the market.

The impressive advances were KBC, KDC, HNM, etc. Shares benefiting from the exchange rate remains positive.

Recommendation

The index dropped to 580 points; thereby foreign investors decreased their selling value while domestic investors took the short-term profit.

Bottom fishing activities took advantage in the decreasing phases that fostered the market liquidity.

The support level of 580 points is going to be held.

The market will soon return to stability and accumulate around 580-584 points.

We recommend gradually increasing the proportion of shares, particularly basic stocks. Stocks of construction, real estate, construction materials (cement, bricks) and exchange rate benefiting stocks such as HT1, BCC, and NT2, are promising stocks at the moment.

ETF’s portfolio updates

Stock recommendation

Short-term portfolio: Long BID, CVT và DXG

Company updates

KBC – Kinh Bac City Development Holding Corporation (HSX)