VCSC Daily - FTSE Vietnam released quarterly rebalancing. VIC sending index down
Technical comment: We think the correction may slow down and markets will move sideways in next week's opening session. In particular, VIC, the main contributor to the VNI’s plunge on Friday, now stands at a strong support of 70, easing the downward pressure on the VNI next week. We think that short term traders may continue to take advantage of the correction to restructure their portfolios, but should refrain from chasing up prices when the markets recover.