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VCSC Daily - VNI bounces 12 points, VNM 2013 targets, Gold prices fall

VN bounces 12 points from intraday low. The VNI bounced 12 points off an intraday low of 466.56 to close at 478.07, down 0.4%, as the selling pressure carried over from yesterday subsided and bottom-fishers jumped in. We saw some hesitation this morning as investors were jittery after seeing Van Eck’s Market Vector Vietnam ETF take a 6.47% dive in US trading overnight.