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VCSC Daily - VNM lifts market, signs point to slight correction

Market Commentary

15 Aug 2012

Our view: The market closed mixed as resistance levels at 430 for VNI and 72 for HNI were tested. The VNI closed up 0.52% at 430.8 as large blocks of VNM, which closed up 3.6%, traded in put-through in the session. The off-market VNM deals (VND415 billion in total) contributed over 42% of the turnover on the HSX. In contrast, the HNI slid 0.24% to 70.2 as selling pressure weighed on the index.
Tags: VNM

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