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VCSC Daily - Market up on rate cut expectation – FPT 1Q results

Market Commentary

06 May 2013

Markets soar on rate cut speculation, property leads. The markets were thrilled by Vietcombank’s early move to lower deposit interest rates over the weekend, signalling a similar drop in lending rates could soon follow. By the end of trading, the VNI was up 13 points (2.75%) to 488.32. The HNI did not lag behind, gaining 2.84% to 60.74. Turnover improved by 1.5 times with foreigners accumulating nearly VND110bn on both bourses.
Tags: FPT

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