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VCSC Daily - Negative sentiment persists despite VNM’s rally - PNJ, QNS, VGC

The market slid another 1.1% today despite a strong bounce back from VNM (+3.9%). VNM’s rally could be attributable to yesterday’s afterhours announcement of VNM’s minimum bid price of VND144,000 per share, which is 11.5% higher than yesterday’s closing price. However, VNM positive trading sentiment was not jointly shared among others large caps. Accordingly, ROS (-6.7%), VIC (-2.4%) and VCB (-1.4%) all posted heavy declines.