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VCSC Daily - Losses in oil and banks punctuate bad week - HHS - STB/PNB - TLG - MSN - DXG

Losses in oil and banks punctuate bad week. Market down for fourth day ending week in red. VNI slumped 0.9% to close at 589.03pts while the HNI fell by 0.7% to 80.88pts. Oil & gas stocks such as GAS (-6.3%), PVS (-1.7%) and PVD (-1.8%) fell on the sharp slide in WTI oil price at 6 and half year low of USD41/bbl. Bank stocks including VCB (-1.6%), CTG (-1.9%) and ACB (-1.5%) were hit by news that the SBV is stepping in to oversee management at STB/PNB and Dong A Bank.