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VCSC Daily - Stocks increase for sixth straight session, led by VNM, banks - HSG, SAB, STK, VEA, VNM, GMD, STB

The VN-Index climbed eight tenths of a percent of Tuesday — its sixth consecutive positive session — as the State Bank of Vietnam announced it would cut rates for the second time this year (see above note). Although trading turnover on HOSE (USD248.5mn) dipped compared to the previous two sessions, it remained well-above the one-month average of USD203.6mn. Moreover, foreign investors net bought USD4.1mn worth of shares. VNM (+5.0%) was the top contributor to the day’s gain, hittinG