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VCSC Daily - Market slid slightly with opposing forces at play - VNM, HT1, BID, CTG, EIB, MBB, NT2, PLC, REE

Market Commentary

17 Feb 2016

The market opened strongly to an intraday peak of 552 drawing from yesterday's persisting momentum. However, after breaking through the technical resistance level of 545 yesterday, the VN-Index was again tested by the same resistance level today and lost 1 point in the end. Thus, the VN-Index was anchored down to close at 547.1, down 0.2%. After yesterday's positive news indicating the potential for an FOL increase, VNM again surged 1.6% today

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