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VCSC Daily - Bottom fishers return after the shakeout - Property sector still in the doldrums

Bottom fishers did more than testing the waters today as we witnessed the fourth largest bidding volume since the beginning of November. Aggressive buying combined with sellers holding back slightly, had both markets rebound from their lows (HNX had hit an all-time low on Thursday, and HSX was nearing 2009 record lows). After eight consecutive down days, more than half of listed stocks have been trading at or near their 52-week low. Seeing the HSX at 1.3x book while the HNX is at an undemanding