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VCSC Daily - Financials surge on PM's FOL comments - CII, MBB, SAB

Market wrap: The VN-Index on Tuesday gained back almost all of yesterday's losses, advancing one percent as financial sector stocks soared 4.0%. Bank stocks surged today after the Prime Minister told international media that the government may raise FOL for banks this year. The news sparked an across-the-board rally, including VCB (+4.3%), CTG (+7.0%), BID (+6.3%), MBB (+3.7%), STB (+3.1%) and Hanoi-traded ACB (+5.5%). For further analysis of the PM's remarks, see our note above.