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VCSC Daily - Blue-chips rally HSX, foreign investors extend streak on HNX – VND 1.88tr G-bonds sold in 1st auction of year

Market Commentary

13 Jan 2012

The markets end the week in the green on low volume trading. The HNX had mixed performance but wrapped the week up 1.6% thanks to foreign investors extending a 23-day net buying spree. The HSX notched its first 5-day positive run since September leading to a 5.2% gain for the week. We believe the rally can be credited to investors picking up blue-chips that have been quite oversold. Specifically, index-heavyweights BVH, CTG, MSN, VIC and VNM combined for 4.56 points of the VNIndex’ 6.22 point ga

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