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VCSC Daily - Resistances hold, government targets 6% GDP growth for 2013

Our view: The market corrected succumbing to selling pressure at the resistances despite opening bell gains. The VNI slipped to 398.92 (-0.78%), dragged down by BVH and GAS while HNI slid 1.18% to 60.92. Liquidity surged 46% to VND921 billion as the selling pressure accelerated throughout the session. Nevertheless, we were encouraged to see demand, particularly, from foreign investors pick up as well.