VCSC Daily - Rally falters amid growing margin lending; foreigners net sell - CTD, MCH, NT2, DPM, VJC

Market Commentary

20 Apr 2017

The VN-Index couldn't sustain a two-day snap-back rally, closing down just over half a percent on Thursday. Local media reported that margin lending offered by local brokerages hit a two-year high on April 14 while foreigners net sold for the first day in nine. VIC (-2.2%) fell to a seven-month low amid no apparent news catalyst. The index's largest property developer by market capitalization has dropped 13% over the last two months. NT2 (-1.3%) slid after announcing weak Q1 results

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