BSC - Vietnam Daily Monitor 2015.05.18 - Difficulty in the coming week - Macro views

Summary

Two indices fell sharply on Monday. Most of the key stocks on both exchanges declined. Speculative stocks were no exception.

VN-Index broke the support of 540 points and fell to the lower and strong bottom at 525 points.

Recommendation

We assess that the market remain negative in the coming days due to the impact of the negative news such as the chinese oil rig, state debt and the fluctuation of exchange rate in the context of weak market sentiment.

The index is recently in the bottom level, the recovery could occur but with a weak momentum.

We recommend investors to maintain low stock weight and keep observing in the next session.

Macro views

Weekly Focus: The Trade Promotion Authority TPA