VCSC Daily - Stocks fall on second day of profit taking - Trade deficit - FPT, HT1

Market Commentary

29 Jul 2015

Stocks retreated again, led down by major bank stocks CTG (-2.2%), ACB (-0.9%) and SHB (-2.3%). Other blue-chip stocks GAS (-1.7%) and MSN (-2.2%) also contributed to the slide. The VNI sank 6.77pts (-1.1%) to 624.70 while the HNI closed at 85.11 (-0.5%). Turnover fell over 30% to USD 123m, nearly 18% below the 20-day daily average. News flow was relatively light with most companies yet to report 2Q results.

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