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VCSC Daily - Financials lead VN-Index to eight and a half year high - SKG, PPC, NT2

The index jumped into the green from the get-go Wednesday and closed at its highest level since February 2008. The financial sector was the star of the day, advancing amid market speculation that authorities may soon ease the compulsory reserve and increase the FOL. However, some banks confirmed to us late in the day that the SBV had not informed them that the reserve may be decreased.