VCSC Daily - Down again on oil and banks, Circular 123 revealed - VSH, PPC, HSG, PNJ
Down again on oil and banks, Circular 123 revealed. VNI lost another 11 pts today following yesterday’s slide in oil. WTI oil fell towards $40 in trading, the lowest price since March 2009. Unsurprisingly, GAS and PVD fell hard along with other oil & gas stocks. After yesterday’s sideways trend, bank stocks turned down again with bad sentiment revolving around Dong A Bank’s announcement that the SBV has suspended transfers of DAB stock.