VCSC Daily - Stocks up near technical resistance

Contact us for a free consultation: (+84) 2 8888 2 6868

Our view: The VNI gained 2.11 points closing at 418.21 again led by VNM (1.68 points impact) which hit ceiling for the second day in a row after announcing its intentions to issue a 2:1 stock bonus. The HNI closed flat at 68.91. But volumes remain thin on both exchanges. On the HNX, large blocks of SQC continue to trade in put-through accounting for half of the total turnover in Friday’s session. On the week the markets were mixed: VNI (+1.2%) and HNI (-0.6%).