6PM Call: Panic Sentiment Dominates
Market sentiment seemed not so bad in the morning. Although the VNIndex struggled in the ‘red’ zone, there were some signals indicating the ‘existence’ of bottom-fishing. However, things gradually became worst. Selling pressure quickly took over. Only 58 stocks stayed above their reference level at the end of the day while 257 were losers. The VN30 closed down 3.8% loss, pulled down by 28 losers. There were four stocks in the basket that went limit down: BID, BVH, HSG, and VIC. It was no surprise that the VNIndex ended up at the 985.9 level (-2.9%).
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