VCSC Daily - Quiet trading before ETF rebalancing announcement

Market Commentary

06 Sep 2012

Our view: ETF rebalancing has been quite a looked-upon event for local investors and today’s session, just one day before FTSE announced changes to the FTSE Vietnam Index in their quarterly reviews, the market was again quiet hearing results from the rebalancing. At the close, VNI lost 5.5 points (1.38%) to settle at 393.41 while HNI fell slightly 0.6 points (0.98%) to 60.32. Turnover decreased 22.4% to VND714.5 billion.

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