20160414_BSC_Vietnam Daily Review_EN_Steel & Real estate helped the index increasing

Summary

Despite the correction in oil prices, the market is still slightly higher than yesterday. VCB, VIC, NTP and PVI soaring that helped the 2 biggest indexes closed in green. The market today mainly focused on the steel and real estate stocks, in which KBC had a mutations in price as well as traded volume. Market breadth generally expanded again. Foreign investors remained net buyers on all three floors with significant value.

Recommendation

(1) Energy stocks are showing signs of weakening; (2) Profit taking activities increase when the VN-Index reached 580; (3) The leading sector today, the banking stocks, have not much supporting information. Hence, we still recommend investors to lower proportion of stocks when the index rise. Investors should continue to reduce the proportion of shares in the market’s rallies and not chase high prices during this period.