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VCSC Daily - Consumer staples spark market surge – MWG, TLG

Consumer staples spark market surge. The VN-Index jumped more than one percent today as the consumer staples sector soared 3.7%. The sector's big winners - including SAB (+6.4%), VNM (+1.8%) and MSN (+4.7%) - were net bought by foreigners as combined trading value jumped to USD180 million in HCMC and Hanoi. However, overall foreigners net sold more than USD12 million on the two bourses, suggesting local investors were more than willing to pick up the slack.