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VCSC Daily - Walking off a rocky January - MSN, DPM

Closing off the rocky first month of 2016, the VN-Index gained more than 5 points (or +1%) to close at 545.3 today, but posted a 5% loss for the whole month. The overall losses were mainly attributable to global events, starting with oil prices slumping below USD30/bbl. At the same time, trading in China had to be halted twice in the first trading week of 2016 to prevent intraday losses to exceeding their 7% cap which had some contagion effect on Vietnam and other emerging markets. The downtre