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VCSC Daily - Foreign participation increased almost threefold

Already priced in, the news that the SBV would officially cut interest rates tomorrow, did little to investor sentiment. Markets began the week relatively weak, with the lowest turnover so far this month. The VNIndex remained above support line – The market managed to bounce back from its intra-day low at 423.5, which we talked about last week as being a relatively strong support. If we fall below the support, it could open the door for more downside, the next support being at 389.5 (-9.75%).