20160506_BSC_Vietnam Daily Review_EN_VN-Index to fluctuate around 600 (1)

Summary

Though banking sector lifted VN-Index higher, the number of decreasing stocks overwhelmed that of increasing stocks. Plus, lower trading volume than previous session could be a signal for market correction. Foreign investors hold strong buy positions on HSX while kept selling in HNX.

Recommendation

VN-Index has successfully conquered 600 pts as we recommended last week. Market correction is expected in short term. Investors may lower the proportion of gainers in the rallies and consider recovering in the technical correction.