VCSC Daily - Cautious rebound

Market Commentary

05 Jul 2012

Market rebounded on affirmation of government but liquidity remained low. Investors’ confidence improved somewhat, helping to increase liquidity today when the government confirmed the foreign exchange reserve reached USD19 billion, a big improvement compared to the 2011 year-end balance of USD9 billion and assured an aggressive plan to spur growth in the second half of the year.

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