VCSC Daily - Short-term uptrend could be near?

Market Commentary

30 Jul 2012

Our view: We had thought the week would begin in red, and indeed it did when blue chips heavily weighed down the VNI right after the opening bell. The concern that gasoline price could soon be increased fueled by the media coverage over the weekend only contributed to investor’s unwillingness to chase up price. Turnover on HSX dropped 30.3% in volume and 25.6% in value despite the contribution of 4 million shares of STB traded, worth VND95 billion.

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