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VCSC Daily - Stocks edge higher led by financials - VAMC - GTN, HPG

The VN-Index inched up on Tuesday amid heavy combined volume in HCMC and Hanoi of almost USD240 million. After rallying sharply from December, the market has consolidated gains, trading sideways over the last month just below a nine-year high, unable to close above 718. Financials (+0.9%) were the best-performing sector for a second day, adding to yesterday's 1.6% increase, after VAMC proposed raising its registered capital in order to buy more bad debt (see our note above). VCB (+1.2%), MBB