VCSC Daily - ETF redemptions – Masan ESOP vesting period – CNG BUY – DIG to warning list
ETF redemptions push market deep into the red. ETFs may have mostly wrapped up their rebalancing last Friday but their impact on the stock market remains. Trading data shows significant foreign net outflows of VND190bn or ~US$9m on the combined bourses today, with ETF redemptions the likely catalyst. According to Bloomberg data, the Van Eck ETF (VNM US) saw 300,000 shares or ~ US$5.7m redeemed last Friday (US time).