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VCSC Daily - Gasoline price increase, mixed credit growth hold market from reversal

Our view: Despite some slight recovery at the end, markets closed in red again today when the VNI ended 0.47% or 1.93 points lower at 412.55 while the HNI fell 0.71% or 0.49 points to close at 68.7. However, we noticed improved liquidity with volume increased by 8.7% and 30.7% and value increased 2.2% and 104.6% on the HSX and HNX respectively.