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VCSC Daily - VN-Index blasts higher to fresh eight-year high

Market Commentary

13 Jul 2016

The Vietnamese market opened higher Wednesday and advanced steadily throughout the session, peaking at 676 in the afternoon before closing up 16.22, or 2.5%, to 675.12, the index's biggest one-day jump since April 22. The market was led higher by two names that soared to record highs today; VCB (+6.5%) and VIC (+5.8%), which have jumped 24% and 17%, respectively, over the last two and a half weeks and have benefited from strong foreign flows recently.

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