VCSC Daily - Quick rebound; Jan CPI +1.25%; GAS and HPG results
We think sideways; indices shoot UP instead. We anticipated the markets would go sideways for a few sessions but it looks like we were a bit over conservative. At the close on Thursday, the VNI shot up 9 points (+2%) to 452 while the HNI rose 2.7% to 61.2. Blue chips had an exceptionally good day where 27 out of the 30 stocks in the VN30 advanced. Market breadth was certainly on the positive side with gainers outnumber laggards by fourfold on both bourses.