VCSC Daily - Markets retrace, SBV governor Q&A

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Market retrace. The VNI lost 3.4 points to close at 385.2 (-0.9%), led down by Military bank (MBB), Vietcombank (VCB) and Vinamilk (VNM). However, Tuesday marked MBB’s ex-right date so the stock’s price was actually adjusted downwards for a VND1,000/share cash dividend. The HNI dropped to 52.4 (-0.2%) in part to a 0.7% loss in Asia Commercial Bank (ACB) and 4.4% loss in Petro Vietnam Construction (PVX), the heavyweights on the Hanoi exchange.