BSC - Vietnam Daily Monitor 2015.06.17 - Time for risk-loving investors - PPC Update

Summary

Markets have an emotional session. Fluctuation range of the index is fairly wide. Numerous large-cap stocks declined made the indices closed in the red.

Only the automotive stocks such as HHS and SVC gained in the session.

Foreign investors increased their net buying value on the three exchanges today.

Recommendation

Stable demand still remained, especially those of foreign investors that helped the market withstand the domestic selling pressure. The VN-Index might continue to be under psychological pressure; however, we still expect the index will not fall deeper from the support level of 580 points.

Risk-loving investors might consider to buy at the supporting level between 570 and 575 points. If that supporting level is broken, investors consider lowering the proportion to preserve the portfolio.

Company updates

PPC - Pha Lai Thermal Power JSC (HSX)