VCSC Daily - Market inches higher for second day as VCB, VNM lead gainers

Market Commentary

24 Aug 2016

Vietnamese stocks opened higher Wednesday and soon peaked above 665 before sliding the rest of the session to close up 1.61 points, or 0.2%, to 660.77. The 665-666 level twice repulsed rallies last week and seems to be short-term resistance level. VCB (+1.9%) was the top contributor to the index today, followed by VNM (+1.4%), which reached a new record high after extending a 29% jump over the last two months.

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