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VCSC Daily - HNI outshine VNI in volatile week

Market Commentary

18 Jan 2013

Heavyweights can’t save the indices. Both indices opened advancing thanks to several blue chips, namely BVH, VCB, HAG, MSN on the HSX and SCR, PVX, VCG on the HNX. In fact, those tickers, except for VCG, proved to be strong supporters for the indices until the very end. However, sellers seemed to be determined not to let the indices emerge as victors. We observed as soon as the market saw some signs of rebound, ask orders immediately escalated and swept indices back into the red territory.

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