VCSC Daily - Markets close down as long weekend fail to rejuvenate investors

Market Commentary

02 May 2012

Markets close down after long holiday. Returning from the holiday, both markets opened in the green but lost ground in the afternoon session despite improved liquidity. The VNI lost 0.3% and the HNI slid 0.65%. The VNI was able to reach an intraday high of 478.44 before falling nearly 6 points. The HNI reached an intraday high of 80.61 but failed to stay above the strong resistance of 80 and fell nearly 1.5 points on strong profit-taking.

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