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VCSC Daily - Devaluation fears weigh on stocks – HBC: Difficulties ahead, but attractive valuation

Devaluation fears keep stocks down despite ETF share creations. Stocks closed down despite news that there were 120,000 new shares created on the DB FTSE Vietnam ETF, which investors were hoping would translate to a positive finish for the week. However, blue chips like GAS, HAG, which were trading in positive territory for most of the session reversed sharply in the ATC session to pull the VNI down to a 0.3% loss to close at 485.66.