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VCSC Daily - Markets upbeat as Lunar New Year approaches, VNIndex has its biggest one-day gain since June 2011

The upcoming 10-day holiday together with the VND appreciating and expectations of relatively low inflation in January lifted spirits and the markets. Following the strong rally of US stock market and other Asian major indices, the VNIndex continued to rally for the ninth consecutive day, gaining 10.77 points or 2.97% to close at 373.43. This was the VNIndex’ biggest one-day gain since June 2011 with a pile of stocks hitting their ceiling. Top eight of the top 10 heavyweights contributed 6.48 po