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VCSC Daily - VNIndex starts Dragon Year up 3.2%, HNX up 1.5% – DHG, HPG, PGD, VNM earnings update – VN-30 index revealed

Brushing aside a general wave of pessimism and drop in major Asian indices, the Vietnamese stock market rallied on the first trading day of the Dragon year thanks to renewed investor confidence following a long holiday. Both indices closed on the plus side although liquidity remained low. Market breadth widened 7-to-1 on the southern bourse and over 2-to-1 on the northern bourse. With support from large cap tickers BVH, MSN, VIC, EIB and VCB, the VNIndex shot up nearly 12 points to 384.94 (+3.2%