20160317_BSC_Vietnam Daily Review_EN_Miss conquering 580 pts_Company update ACV

Summary
Received positive news from the FOMC meeting as well as the rise in oil prices, market gained from the beginning of the session. Thought that the index will increase strongly, however, the sell pressure increasing in the late session prevented VN-Index from successfully conquering 580 points today. Market breadth remained positive.
Foreigners were net buyers on two main exchanges, especially on HSX. They sold slightly on UPCOM.


Recommendation
Despite the strong selling pressure in the end of the day, we believe that the short-term outlook is still bright for VN-Index. VN-Index might correct before passing the threshold of 580 points. In the case of correction to 570 points, we recommend investors to increase the proportion of shares.