VCSC Daily - Sideways trading, liquidity improves

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Our view: With the news cycle relatively quiet, the market traded mostly sideways. But we did notice some profit taking appear in the afternoon session. At the closing bell, the VNI ended flat at 393.7 with only a 0.2 point gain (+0.1%). The northern index rose 0.4% to 55.4. Turnover rose 13% to VND832 billion on both bourses combined.