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VCSC Daily - HSX at 1.3x book, HNX at 0.7x, but risk appetite totally gone - Note on BIDV’s roadshow and meeting on Wednesday

For the past few days, it definitely seemed like the path of least resistance has been downwards, as bears overwhelm bulls. Though buyers did return, having all but disappeared yesterday, bears hastened their selling. The selling pressure dragged both indices to new lows with many blue chips closing limit-down. On the HSX, more than half of the lagging stocks closed limit down. Upon the return of buyers at these new lows, liquidity did manage to jump over 60% on the HSX and 37% on the HNX. Tradi