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VCSC Daily - SSI gets 100% FOL - Aug PMI - CTG, MBB, DHG

Market Commentary

01 Sep 2015

SSI gets 100% FOL. SSI gets 100% foreign room. Interestingly, investors did not respond well to SSI in its first session with unrestricted FOL, which also marks the first day Decree 60 goes into effect. At times, the ticker lost more than 1% intraday. Despite having announced the FOL relaxation date well beforehand, investors remain confused on whether or not SSI required an EGM to implement this relaxation.

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