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VCSC Daily - Shares rally on low CPI, GAS debut

Market Commentary

21 May 2012

Shares rally amid CPI news. Markets rallied, halting a long losing streak, thanks to low inflation numbers for Hanoi and Ho Chi Minh City and confirmation of support to businesses from the government. The stream of good news flooding the market helped investors regain confidence. The bounce also encouraged some value investors to jump back in pushing both indices higher. However, the bull sentiment was not strong enough to boost liquidity as many investors were still hesitant.
Tags: GAS

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