VCSC Daily - VN-Index breaks resistance level to reach eight-year high - CPI, FDI - CII, VNM

Market Commentary

26 Sep 2016

Vietnamese stocks were in the red for most of the morning but picked up momentum in the afternoon and broke above the 675 resistance level. The market closed at the high of the session, up 2.95 points, or 0.4%, to 677.04, for a sixth straight day of gains. News that several banks have cut deposit rates was well received by local investors. The index now stands at its highest level since February 2008, but after today's slight gains it is still trading in the 670 – 680 band while gainers narrowly

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