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VCSC Daily - VNI hits technical resistance - PVD, NT2, KDH

VNI hits technical resistance. The market popped early as strength in heavyweight VNM (+0.8%) carried the index to an intraday high of 617.79 but it retreated to 612.36 on profit-taking pressure at strong resistance in the 612-615 range. In addition, yesterday’s release of the full text of the TPP provided a boost to several textile stocks including TCM (+2.3%), TNG (+1.2%) and GMC (+7.0%).