VCSC Daily - Market bounced off strong support on the back of consumer stocks - Revised US GDP - OPEC meeting
The index broke a four-day losing streak to rise 1.1% after bouncing off the strong technical support level at 655 points in the afternoon. This rally was led by the largest consumer ticker – VNM, which posted a 2.8% increase supported by foreign buying. Unlike previous sessions, foreigners net bought roughly USD32.8 million worth of its shares. Positive sentiment was widespread in the consumer sector, with MWG (+1.2%), PNJ (+3.0%) and DQC (+1.2%) all closing in the green.