VCSC Daily - National CPI misses target, markets down on fear of more tightening
  • 2011-12-22T00:00:00
  • Market Commentary
Investors paid no attention to better-than-expected CPI figures at 18.12% YoY, lower than the State Economic Committee’s previous forecast of 19%, as they were spooked talks of continued tight monetary and fiscal policies into 2012. Retreating from Wednesday’s gains, the VNIndex magnified its loss toward the session’s end to 7.35 points to 360.37 (-2%) with a large number of laggards and limit-downs. Laggards outnumbered advancers threefold, 187:48, with 112 limit-downs. MSN, BVH, VNM, HAG, DP