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VCSC Daily - Market corrects – Property jumps on VND30tn package disburse commitment - NA meeting tax update

Market corrects after VNI hits 3-year high Right after the ATO session both indices were on strong rallies and the VNI hit its 3 year high since February 2010 at over 526. However, the sudden reminder of profit taking in light of increased margin use in last few days quickly made ask orders prevail. Selling pressure accelerated towards the afternoon session, pushing the VNI to below 520 resistance level again.