VCSC Daily - Stocks extend sharp pull-back - HVN, LPB, POW, MSN, FPT, FRT, TPB, DPM, HT1, KDH, NVL, VJC

Market Commentary

26 Apr 2018

The VN-Index on Thursday repeated a familiar pattern of recent weeks by opening higher before heavy selling in the afternoon left the market sharply lower. The index plunged 3.3% today, its third day of a drop of at least 3% in the last five days and is down 13% since hitting a record high less than three weeks ago. After today's declines, the VN-Index P/E ratio has fallen below the level of 19.3x that it held at the beginning of 2018. Financials again led decliners. CTG (-6.9%), VPB (-6.8%

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