VCSC Daily - Stocks plunge to 2018 low - OIL, POW

Market Commentary

22 May 2018

Across-the-board selling of large cap names pulled the VN-Index down 2.9% on Tuesday to below 1,000 for the first time since January 2. Foreign selling continued today with USD27mn of net sales. The index has sunk 18% in six weeks and is now nearly flat for the year. VIC (-7.0%) was the top contributor to the loss and has plummeted 19% over the last five days. The market pullback would have been even sharper if VIC subsidiary VHM (+7.0%), which is now the largest company by market cap

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