VCSC Daily - Demand for stocks pick up, GAS update
Our view: The market did not behave as we expected and that is good. We thought the market would trade sideways with a downward bias but it was able to muster gains in the mid-week session. The VNI bounced from technical support to close at 423.6 (+0.3%). We saw buyers come back late on the HNX to help lift the HNI to 70.5 (+1.3). Trading was active on HBB and SHB after the SBV officially approved the two bank’s merger. Both stocks rose to upper limit prices on the news.