VCSC Daily - Stocks flat as key support level holds - PLC, CII

Market Commentary

13 Sep 2016

The VN-Index traded sideways Tuesday, inching lower by just 0.04 points, or 0.01%, to 659.72. Technical support at 655, formed by the 50-day moving average, was tested for a second day and, just as on Monday, shares rallied off that level. The banks (-1.9%) and real estate (-1.3%) sectors weighed on the index while media (+6.7%) and F&B (+1.6%) were the top performing groups. Among individual names, VCB (-3.9%), which fell to a two-month low and has dropped 14% over the last two weeks,

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