VCSC Daily - Stocks slide, momentum weakened

Market Commentary

17 Oct 2012

Market view: We noticed a spike in liquidity on Thursday and Friday the preceding week, which we believed was related to investors’ “bet-taking” on the resolution out of the Central Party Committee meeting. Not surprisingly, investors rushed to realise short-term profit on Wednesday after the National Assembly meeting concluded a day ago with a strong message for reform. The VNI declined 0.6% to 397, weighed down by BVH, VNM and VCB, together removing 1.33 points from the index.

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