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VCSC Daily - Investors cheer policy rate cuts and support for real estate

The markets jumped on rate cuts and Document No.2056 – The VNIndex jumped 1.75% and HNXIndex 2.78% as investors cheered yesterday’s surprise cut in major policy rates. Both bourses closed near YTD highs on broad market breadth. All but two stocks in the VN30(+1.98%) basket advanced. A large overhang of nearly 48mn bid orders on the HSX and over 14mn shares on the HNX could signal further upside momentum.