BSC - Vietnam Daily Monitor 2015.07.02 - 600 became supporting level

Summary

The indices increased strongly thanks to the blue chips, as represented by the banking group. The VN-Index had conquered the 600 point. Gainers were approximately 2/3 of the total shares. Foreigners continued to be net buyers.

Recommendation

VN-Index reached 600 points as our prediction yesterday. Despite the market sentiment is under suspicion, the aggressive actions of foreign investors combined with the soaring bank stocks will remain the driving force for the increase in the near future. Investors might increase stock weight, especially stock which exists in the portfolio.

Investors also consider to open the position of banking, real estates, construction and securities stock which have not yet increased much.