20160310_BSC_Vietnam Daily Review_EN_VN-Index to approach 580 points_EVE, VIT and CVT Updates

Summary

The market sentiment was quite exciting today as all three indices increased relatively good. Numerous large-cap stocks simultaneously gained keeping the market pace. The rally in petroleum, rubber, and various high liquidated stocks, such as VHG, HNG, HAG and SBT, pushed market sentiment up in the afternoon session. UPCOM welcomed a new promising ticket which is VGG, Viet Tien Garment Corporation. Unlike yesterday's movements, foreign investors were net buyers on all 3 floors today.

Recommendation

The current psychological state is becoming more positive. However, we still believe that the index will continue to fluctuate in the current price range. VN-Index could reach 580 points soon in the next few sessions. However, the adjustment could occur. In that case, we believe that is the proper time to increase stock weigh. Investors can consider buying in the technical correction and continue to hold if VN-Index passes successfully 580 points with large volume.

Company updates

EVE - Everpia Viet Nam (HSX)

VIT - Viglacera Tien Son JSC (HNX)

CVT - CMC JSC (HNX)