VCSC Daily - CPI negative 0.17%
Market up slightly on Hanoi CPI figure. Vietnamese stock market up slightly on Hanoi’s June CPI showing of negative price level increase of 0.17%. World sentiment was also improved after the US Fed agreed to extend stimulus measures to support economic recovery. However, the negative CPI does raise concerns on the impact of slow credit growth and the pace of recovery. Indeed, while the markets were up, there was absolutely no conviction - turnover dropped 47% on the HSX and 30% on the HNX.