VCSC Daily - ETF sell-off déjà vu – LSS, SJS, SBT, MSN 2013 targets

Market Commentary

12 Apr 2013

ETF sell-off déjà vu, KDC and VCF strong earnings guidance. The market drifted to the downside throughout the morning and then dropped sharply in late afternoon, reminiscent of Wednesday’s ETF driven sell-off. With 26 of the 30 stocks in the VN30 in the red, investors were spooked that the ETFs were again selling-off to settle redemptions. The broader VNI lost 9.8 points to close at 494.27, down nearly 2%.

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