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VCSC Daily - Stocks bounce after hitting intraday bear market - CTD, REE, SCS, VJC, HT1

Market Commentary

23 May 2018

Soon after the mid-day break, the VN-Index was down 2% for the day and 20% since hitting its all-time high on April 9. However, a strong rally into the close left the index up three tenths of a percent on Wednesday, breaking a streak of sharp losses this week. Net foreign selling was again strong at USD31mn. However, this included USD15mn from VIC and USD14mn from VHM. GAS (+7.0%) led gainers after the price of Brent crude oil reached a fresh three-year high in overnight trading.

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