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VCSC Daily - Downward Descent; VND Weakens

Investor sentiment continues to turn sour. Despite most Asian market posting advancing today, investors in Vietnam had little to cheer about as the VNI and HNI continue to drift lower right from the opening bell. There were several reversals from the intraday bottom but selling pressure was too strong. Both indices closed at the bottom of the trading channel in the end. The VNI lost 6.62 points to close at 462.12. The HNI lost a major support at 60, falling to 59.30 down 2.29%.