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VCSC Daily - Markets end slide on G7 expectations

Market Commentary

05 Jun 2012

Stocks snap back up along with world markets. Global markets recovered on expectations of strong policy actions as G7 leaders are expected to hold emergency conference meetings on European debt concerns. The local markets opened on weak confidence but swung back into positive territory by end of trading. Also helping improve sentiment was rumour on the street said that the Ministry of Finance may again lower gasoline pump prices.

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