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VCSC Daily - Banks reverse, pulling stocks down - FRT, VIB

The VN-Index opened higher but strong selling in the afternoon left the market down 1.3% at the close. The index has dropped 5.5% since hitting a record high early last week. Banks once again led the market as VCB (-3.3%), BID (-4.1%) and CTG (-3.6%) were the top contributors to the day's loss. Bucking today's trend were HDB (+2.0%) and EIB (+4.1%), the later reaching a six-year high.