20170512_BSC_Vietnam Daily Review_EN_VN30 broke through_ Company update PVB – Petrovietnam coating Corp and PXS- Petroleum equipment assembly Corp

Highlights
Although VN-Index decreased slightly and mostly fluctuated under the open price region during today session; however, in general market stocks is experiencing positive movement due to the trading cash flow in the beginning of the week. On one hand, Largecap stocks such as SAB, VNM, ROS restrained the index points, on the other hand, VN30 supported the market, and thus, the market index increased by 4.38 points in this session. The market scale supported the uptrend of market stocks when the bullish stocks dominated the market. The market cash flow continued returning to the Real-estate sector, especially Midcap and Largecap stocks, low price stocks. Moreover, investors are looking for the stable fundamental stocks which still have growth potential such as Transportation-Storage-Port sector, Construction sector, Marine sector and Rubber sector. In contradiction, Banking-Finance sector, Steel sector, Plastic sector, Fertilizer sectors have differentiation. Market liquidity continued improving with a trading value of VND 4,376.63 billion, put through trading value was VND 458.37 billion.  At the end of the session, VN-Index decreased slightly by 0.02 point, down to 725.35 level. HNX-Index passed the short-term resistance. level of 91 point, increased by 0.71, up to 91.10 level.

Recommendation
VN-Index is in a sideway trend above the 725 supportive level, the main reason is due to Largecap supportive stock had not found a synergy movement, although market trading is positive and market fluctuation is safe, market liquidity maintained its improvement trend. If VN-Index closed below today open price, VNXALLShare-Index and VN30 would increase and reflect the general trend of market trading. The fluctuation of VN30 stocks will enhance the market sentiment in the upcoming session. The market cash flow is positively rotated between market sectors which are experiencing upside trends. However, short-term profit cut pressure with the fast growth stocks in the forthcoming sessions may cause the market to fluctuate in a larger margin.

Company update
PVB -Petrovietnam coating Corp (HNX)
PXS- Petroleum equipment assembly Corp (HOSE)