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VCSC Daily - Banks lead stocks higher - TPB

The VN-Index rose for a third day on Thursday, creeping up three tenths of a percent. TCB (+2.9%) was the top contributor to the day’s gains, extending a 22% surge over the last month. Fellow banks MBB (+3.9%), CTG (+0.7%), VPB (+1.0%) and TPB (+2.7%) also outperformed while HDB (-1.8%) bucked the trend. VIC (-1.6%) was the top laggard after Fitch placed the company’s debt on Ratings Watch Negative (see our note above for more details).