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VCSC Daily - Signs of normalcy after the storm

Market Commentary

22 Aug 2012

Our view: The impact of Tuesday’s events continue to take its toll but we notice a bit more calm in the market. Although spikes in gold and interbank rates still reveal the signs of fear, losses decelerated in Wedsnesday’s session as investors took heed in the central bank’s promise to provide ample liquidity to the system to counter a public panic. It helped that foreign investors remained firm, continue their net buying streak.

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