6PM Call: Investors Take Profits - FTM Update
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The market closed in the red. The VN Index closed at its lowest level of the day, at 677.94 pts, equivalent to a 1.04% drop. The HNX Index also failed to recover in the afternoon session and declined by 0.29 points by the end of today’s session. The liquidity of the market continued to decline, and the trading volume of the HSX today fell by the most since the beginning of 2017. The liquidity of Vietnam’s market often declines before Tet holidays. The drop in the market today was due to a large number of investors taking out profits, following the VN Index rally from 660 pts to 690 pts in recent weeks.
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