15/03/2021 - 09:15
Strategy Weekly — March 15, 2021
The VN30 large cap index has been setting new record highs, in contrast to the more closely followed mainboard VN Index which remains mired in consolidation at below 1200 points. This is occurring despite substantial and persistent net foreign selling, which is interesting given that foreigners tend to cluster in the large caps. We reckon the VNI will break out above its resistance level eventually, albeit perhaps not until the second quarter.
