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VCSC Daily - VNI drop to 450 support, HNI up but lack conviction

VNI extend losing streak, HNX rebounds – Vietnamese shares closed with mixed results today as some investors jumped in looking for value after yesterday’s massive sell off at the open. However, selling pressure again drove the market down in a volatile trading day. The VNI ended the afternoon session in the red at 450 down 1.26%, marking the 6th losing session in a row. In contrast, the HNX finished with a sight gain but conviction was weak on low volumes.