VCSC Daily - Stocks inch up, liquidity slide

Market Commentary

26 Jul 2012

Our view: Turns out the easing in selling pressure we observed in Wednesday’s session was enough for bulls to tip the scale slightly in their favour breaking a four-day slump on Thursday. However, the slight gains of +0.5% on the VNI and +0.6% on the HNI, along with relatively low liquidity, indicate a lack of conviction. Total trading turnover (VND776 billion) slid by a quarter against the previous session and by nearly 40% against last week’s daily average.

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