20160429_BSC_Vietnam Daily Review_EN_Week ahead The first positive week in May_Updated Company PXS&DPM

Summary
VN-Index recovered after two down sessions, and almost reached 600 as our expectations. However, the thrust is not enough for VN-Index to conquer 600 pts. Positive sentiment returned to the floors, recovering the market breadth. Besides, foreign investors maintained net buyers on the 3 floor today.

In the past week, VN-Index rose by 1%, while the HNX-Index and UPCOM-Index lost by 0.3% and 1.2%, respectively.

Recommendation
600 is a very strong resistance level for the VN-Index. Therefore, we believe that the market needs time to test and successfully conquer this resistance. We are also maintaining a positive view in the short term.

Investors  can change the corresponding weights of portfolio when the market can determine movement trend in the next session with an increase in liquidity.

Company updates
PXS - Petroleum Equipment Assembly and Metal Structure JSC  (HSX)
DPM - Petrovietnam Fertilizer and Chemical Corporation (HSX)