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VCSC Daily - VN-Index extends slump, financials lead pullback - CII, CSM, DPM, TCM

Market Commentary

25 Oct 2016

Stocks spent another session in the red for a fourth consecutive down day as banks led the market lower. Despite reporting strong Q3 results late last week, VCB (-1.0%) has fallen so far this week, extending a 16% pullback since matching a record high two months ago. BID and CTG also helped push the financial sector lower amid profit taking. On the positive side, CTD (+3.5%) and DHG (+2.0%) reversed losing streaks while CSM (+1.0%) gained after announcing a 2016 interim cash dividend of VND1,000

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