VCSC Daily - Small caps on top – VAMC approval
Small caps on top, oil and gas stocks in spotlight. Both indices managed to extend the rally, with the VNI advancing 2pts to 502.2 and the HNI gaining 1.6% to 62.59. However, there was a clear shift in the money flow from blue chips to small caps today. This explains the rather modest gains on both exchanges despite market breadth showed an impressive number of gainers.