VCSC Daily - VNI retreats to 600 as turnover drops below USD 100m - Cheaper pump price - PLC, TNG
The VNI slumped for a second day to close at a crucial psychological support level of 600.76pts (-8.7pts). The HNX also finished in the red, closing down 0.2% to 83.17. There was plenty of bad news to go around. Globally there was weak China manufacturing data and oil’s crash below 50. On the home front, the budget deficit is ballooning (currently 5.6% vs. 5.3% threshold).