VCSC Daily - Blue chips saved VNI

Market Commentary

03 Jan 2013

Technical comment. A rise at the opening before sell-off pressure heightens towards the end of the session is our thesis for trading on Friday. Meanwhile, we still believe of a short correction over the next 3 or 4 sessions. Therefore, investors should be patient and wait for buying points formed during the correction. Those who still hold a large proportion of stocks in portfolio should consider reducing weighting during early trading hours on Friday.

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