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VCSC Daily - Market falls on banking stock worries - NT2, KDH, HDG, NBB, PNJ

Market falls on banking stock worries. EIB announced disappointing 2nd quarter performance, earning only USD 1.22mn (-84% YoY). This negative sentiment quickly spread throughout most of banks stock leading to a strong selling pressure at the beginning of the afternoon’s session. CTG and EIB closed at floor price while ACB, BID, VCB also saw steep declines. News of the State Bank’s intervention in mid cap banks also made investors jittery.