Investment Strategy Report - April 2016: Buy on dip with selection
​
The stock market went full circle in March as VNIndex and HNIndex climbed strongly during the month but ended down 3% and 2% respectively. Trading activities were much more robust than the previous months, partly thanks to the return of foreign investors as net buyers. Last month, foreign bought a net VND727bn in both exchanges. In the listed markets, the rise of oil & gas and electricity stocks, most notably GAS, VCB, PPC, NT2 and BTP captured the spot light. However, it was the Upcom market that introduced a new taste to the market. Upcom stocks such as MSR, GEX, TOP, VGC, VEF, etc. gained strongly under the support of speculators before a withdrawal of liquidity near the end of the month sent these stock back down. Since stocks moved too fast and there was a strong divergence among sectors and securities, not many investors were to make large profits last month.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.