6PM Call: Today Drop is not a Big Concern - PAC Update
​The market declining today is not a big concern. Bluechips after supporting VNIndex to surge more than 12pts to break 740 pts faced selling pressure. This could lead to a scenario that the VNIndex will possibly re-test the peak 740 for a while. Investors hesitate and need some time to reevaluate this new price level of many stocks. We think banking stocks will still be a choice for investors. Some of them haven’t rallied yet but some of them increased quite fast and so strongly yesterday; as a results, some investors did not react promptly enough to buy these shares or they even wait for the share prices to be stable again to find another entry point. Besides, shares of securities companies, especially which have granted allowance to participate in derivative market, will also be the target for investors.
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