VCSC Daily - Market up on SBV plan to trade gold; FDI improves; TDH results
First 15pt day gain since August 2012. Early in the day, investors learnt of a draft circular where the central bank will directly participate in the domestic gold trading market. The indices soon took off with investors interpreting that the new regulation could mean rechanneling from gold into stocks for better returns. Domestic gold prices could slump as the gap with international prices narrow.