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VCSC Daily - Stocks inch higher to nine-year high - CII

The VN-Index rose for a fifth straight day, edging up two tenths of a percent, to reach its highest level since February 2008. SAB (+3.1%) was the largest contributor to the gain and reached a record high. As we discussed yesterday, according to a document of the Steering Committee for Enterprise Innovation and Development dated August 30, 2017, the Prime Minister has approved a divestment of a 53.59% stake in SAB, which will reduce the government’s ownership in SAB to 36% and therefore ena