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VCSC Daily - Rally extends, retracement is chance to buy

Our view: As we mentioned on Wednesday, buyers were returning which helped the market string together another positive session on Thursday. Confidence appear to be much better, at least for the time being as the newswire have been silent, encouraging bulls to bottom fish. The VNI rose 1.06% to 397.25 led by the rally of GAS (+2%) and VIC. Foreign buying in GAS was strong, with Thursday being the ex-dividend date for a VND1,000/share dividend to be paid 28 September 2012.