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VCSC Daily - Market gave back yesterday gains on improved liquidity

Foreign investors were put off by the news of the 5% electricity price hike and chose to slow their buying. Though heavyweights MSN, VIC, VNM closed in the green, contributing 0.82 points to the market, the VNIndex sank 1.73 points to 365.67 (-0.47%) as foreigners’ supports dissipated to only VND1.1bn while most of stocks moved in sync to close in the red. The number of laggards expanded to 177 against 55 advancers, with 82 limit-downs. The HNXIndex contracted 0.86 points to stay at 59.33 again