VCSC Daily - Momentum slowed on profit taking but foreigners remain bullish - FPT Software to restructure

Market Commentary

09 Feb 2012

The bulls continued to support the market in early trading. However, as today marked T+4 of last Friday’s nearly VND1,400bnturnover, supply was abundant as some investors locked in gains which slowed the upward momentum. Many stocks in the VN30 turned negativeerasing half of the 6-point gain made in early trading. As a result, the VN30 climbed 3.75 points to 464.73 (+0.81%) at the close, with 10 advancers, 13 laggards and 7 unchanged.
Tags: FPT

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