VCSC Daily - Technical correction - NAF, MBB
Lingering excitement from TPP sent the market up 3 points in the morning. However, the strong uptrend started on Monday faced its first technical correction as profit taking kicked in just before lunch time pushing the market down to close at 579.6 point, losing 0.3%. Today’s turnover of USD 144m was 11% lower than yesterday’s. Digging deeper, we note TPP-related tickers such as TCM, HHS and HVG all saw significant pullback though not enough to cancel yesterday’s gains.