VCSC Daily -Vietnamese equities record biggest single-day drop year-to-date

Market Commentary

13 Feb 2012

Despite Asian markets cheer on Greece's parliament approving a new set of austerity measures in exchange for an emergency bailout, Vietnamese benchmarks plunged into negative territory. As investors continued to recognize profit the indices opened the week magnified losses from last Friday. We expect some consolidation at these levels as investors lock in profits. We like the liquidity we are seeing on the market; especially the buying momentum from local investors which increased over last F

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