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VCSC Daily - OPEC production cut buoyed domestic equity - PMI - ODA - CTG

The market notched up a modest gain of 0.2% as the domestic oil and gas’s rally was offset by profit taking’s activities on VNM. Positive result from the Vienna meeting sent Brent prices up a sizable 8.8% overnight. Posting a high correlation to oil price historically, domestic oil and gas tickers such as GAS (+6.9%) and PVD (+6.8%) both ride to today’s limit up. (See our note below.) Meanwhile, we note that yesterday's heavy foreign buying of V