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VCSC Daily - Markets retreat – PET, HPG 1Q results - DHG, PNJ 2012 dividends

Both indices retreat, foreigners continue to accumulate. The general sentiment was that the markets went up too fast yesterday, and hence today fear swept over. The indices opened in green, but the strength faded out until both finally settled in the red territory. The VNI lost 2.7 points closing at 485.6 whilst the HNI retreated 0.3% to 60.54. The duo PPC and REE had an outstanding day after PPC announced last night their 1Q results hitting nearly VND1,000bn, or 2.5x of 2013 target.