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VCSC Daily - VN-Index slumps 1.2%, blue chips lead market lower - CII, GMD, VHC

Market Commentary

26 May 2016

After a two-day pause, the VN-Index continued its slide for a second week, dropping 7.55 points, or 1.2%, to 604.34. News that Brent Crude broke through $50 per barrel for the first time this year was not sufficient to boost stocks, although PVD (+1.36%) and PVS (+1.10%) were among the day's better performers. Since closing at 624.75 last Tuesday, the index has fallen 3.3%. Leading the market lower were blue chips VNM (-2.1%), VIC (-1.9%) and VCB (-1.5%). BID (-2.2%) and BVH (-2.5%)

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