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VCSC Daily - Banks lead stocks lower - BSR, TCB, QNS

The VN-Index fell for a second day in three on Thursday, giving up 1.4% mostly in afternoon selling. Signals from the US central bank that it plans four rate hikes this year rather than three appear to have had a muted impact on today's trading (see our note above for more details). Trading value on the HOSE remained modest at USD201mn. * VCB (-3.0%) was the biggest contributor to the index's drop and banks fell across the board, including BID (-4.6%), VPB (-4.6%), CTG (-2.4%), MBB (-3.1%) an