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VCSC Daily - Financials lead VN-Index to fresh nine-year high - Cir. 39/2016 - CII, VNM

Gains in local stocks continued their torrid pace so far this year on Wednesday as the VN-Index participated in the global equity rally. Shares added three fourths of a percent in above average trading volume to the index's highest closing level since February 2008. The financial sector (+1.6%) led the way higher after hawkish comments by US Fed Chair Janet Yellen bolstered expectations of a rising global interest rate environment. CTG (+3.5%) jumped to an 15-month high and has surged 27% yea