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VCSC Daily - Stock rally sputters; VNM drops - TCM

After a two-week rally, the VN-Index paused with a small loss of two tenths of a percent on Tuesday, but held above technical support at 790. Among decliners, VNM (-1.1%) was the top contributor. We reiterated our MARKET PERFORM rating and forecast a total return of 6.5% for the dairy firm in a report published yesterday.