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VCSC Daily - Banks lead snap-back rally - CPI - FDI - FX rate - VGC, PVS, SCS

The VN-Index looked like it was headed for another dismal day of losses on Tuesday after it fell 1.7% in first half hour of trading. However, a strong intraday rally (4.7% trough to peak) pushed the market to close up 2.2%. The index recovered despite net foreign selling of USD4.7mn amid overall trading value of USD234mn, down from yesterday's USD266mn. Hanoi's HNX-Index has been even more volatile than its HCMC counterpart, surging 5.1% today after plunging 6.2% yesterday.