6PM Call: Selling Pressure Not to be Afraid of - Update on MBB
The VNIndex (805.93, -0.24%) traded above its reference price most of the day, before facing strong selling pressure in the last minutes. Considering there was no influential news on the market, along with the decline of the index led mainly by several large caps, and the market breadth that was not too negative (123 gainers vs. 148 losers), we believe this selling pressure is temporary.
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