20160518_BSC_Vietnam Daily Review_EN_Potential rise again after slight correction_Company Updates BVH

Summary
VN-Index (-0.37) corrected slightly with trading volume (-2%) and value (-7%) decreased as last report identified. Although rose in the beginning of trading session, VN-Index closed down due to strong put pressure on Bluechips such as VNM, GAS, BVH, VIC... In contrast, HAG and HNG closed at ceiling price for the second consecutive day.

HNX (-0.03) and Upcom (-0.49) also declined with corrected trading volume and value.

Foreign investors held long position on 3 floors.
 
Recommendation
VN-Index may come back to rising momentum again and fluctuate in safe channel, however, it's  approaching strong resistance area at 637-640.

Investors consider buying in new shares with good business results and haven't rallied strongly in possible coming correction, however, avoid buying in high.

Company Updates
BVH - BaoViet Holdings (HOSE)