VCSC Daily - VNIndex slightly up amid strong profit-taking - SBV to maintain lower reserve requirement ratio for 5 credit institutions - SJS announced unconsolidated results

Market Commentary

03 Feb 2012

Despite the encouraging signals in the first trading week of the Dragon year, the upward momentum staggered towards the weekend as selling pressure increased, making the market close in mixed results on Friday. The volatility could not give the HNX an integral positive week while the HSX notched five days uptick in a row for the week and fourteen consecutive days of gaining if excluding one correction right before Tet. No matter how far the uptrend moves, both markets had a quite good beginning

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