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VCSC Daily - Gas prices drop, NA passes 2013 budget and minimum wage hike

Gains on VNI broad, banks lift HNI. The VNI ticked up 1.9 points to close at 388.6 (+0.5%) while the HNI advanced to 52.5 (+1.8%). The gain on the southern index was broad with over half the stocks in the index advancing. The northern bourse was again led by gains in banking stocks ACB (+2%) and SHB (+6.1%). The rally in SHB stock follows an after-hour announcement on Friday that the bank had set aside large provisions to clean up its bad debts.