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VCSC Daily - Liquidity gets boost from widened trading band

Expanded trading band boost trading. Opening on Tuesday, investors seem to be overwhelmed by the fear of deep correction with the VNI already rallying from 379 to 463 and the HNI from 51 to 60.6 since the start of December 2012. There was also fear that the increased trading band could lead to larger losses for during a correction. The main index opened in the red with trading rather sluggish; though on the northern bourse, investors seemed to welcome the new trading band with more optimism.