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VCSC Daily - Corporate earnings continue to fuel rally

Market break out on impressive earnings. Investors rushed back to the market as more companies announce impressive earnings. NTL (+4.1%), one of the newest constituents of the VN30 reported 16% earnings growth. BMP reported 26% earnings growth and IJC reported 82% earnings growth. Heavy weight GAS (+4.4%) also help lift the market. Another index heavy-weight BVH, improved 4.8%, on rumours that HSBC will divest its stake in the insurance company at a large premium to the current market price.