Returning after a week-long Tet holiday layoff, investors extended January's 4.9% rally, adding on Thursday almost one percent to the VN-Index, which leapt above 700 for the first time since February 2008. Consumer staples (+0.8%) enjoyed solid gains, led higher by VNM (+3.1%), which reached a three and a half month high (see our note above), and MSN (+2.3%), which reported strong Q4 earnings. The consumer discretionary segment (+4.4%) also jumped, led by MWG (+5.6%), which hit a record high