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VCSC Daily - A technical rebound sent the market back to its previous level - Macro Update

Market Commentary

12 Jan 2016

As negative sentiment from the Chinese market turmoil blew over, local investors took the chance to buy as the previous slump had pushed the VN-Index close to its supporting range of 550 - 555. Consequently, the index rallied six points to close at 564.26. Large-caps, especially bank stocks, found their way to the winning side, with sector leader, VCB, notching an impressive 2% gain. Blue-chip, VNM, was today's top index contributor, also making a sizable gain of 1.7%.

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