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VCSC Daily - Stocks slide on weak sentiment - DRC, TLG

Yesterday’s small correction translated in to a larger sell-off today, with the VNI dipping to 605.27 points, off 5-points (-0.88%), after failing to break out of the 610-615 resistance range after 4 unsuccessful attempts. Lacking support from positive news flow, several of yesterday’s stories were revisited. ICE Brent futures slid another 5 percent yesterday on the depressing outlook for demand growth which, according to the International Energy Agency, will keep oil under USD 80 per barrel.