VCSC Daily - VNIndex could test support level tomorrow
  • 2012-03-08T00:00:00
  • Market Commentary
It seems like the increase in fuel costs, which had been rumoured since Monday, spooked domestic prop desks which were net sellers today. Retail investors seemed relatively unfazed, choosing to increase their trading activity and buy into the market. Still, we note that volumes were high again today with over VND1.57tr being exchanged; VND 0.90tr in the morning and VND0.66tr in the afternoon (of which 57% were in blocks). Volumes being steady in the afternoon tend to show that there are buyers o