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VCSC Daily - Foreign money inspires trading; REE & PVD results

Market Commentary

06 Feb 2013

Foreigners still working. Surprisingly, the market on Wednesday saw indices driven by foreign investors rather than domestic investors. Foreign participation increased to 23% of total turnover compared to just 12% and 15% respectively on the first two days of the week. Heavy trading was observed on tickers typically favored by foreigners, especially in the morning session. What was beyond our expectation on Wednesday was the magnitude of the final gains on both indices.

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