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VCSC Daily - Stocks up on weak trading, S&P upgrades Vietnam’s outlook

Market rally on better sentiment, liquidity jump on STB put-through. Vietnamese shares recover for the second consecutive session as sentiment improve on the Euro zone’s outlook and potential actions from the US central bank to spur growth. Expectations for lower gasoline price also persuaded investors to stay in the market. However, the surprise jump in exchange rate and gold price still has investors on edge. While the market moved up, demand did not pick up significantly.