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VCSC Daily - Stocks surge to fresh nine-year high - STB, VNM, PVD

The VN-Index jumped almost one percent on Thursday, closing at the high of the session to break through 718, a level that had provided stubborn resistance for the last month. Foreigners net bought USD21 million, the highest amount so far this year. VNM (+2.6%) reached a four-month high, advancing 7.7% over the last two weeks, after lower powder milk prices at the last two auctions helped boost investor sentiment.