VCSC Daily - Market leaders struggle for direction

Market leaders struggle for direction. The indices continue to move sideways on modest volume of USD 94m as familiar stocks struggle for direction. Bank stocks diverged in today’s trading with gains of around 1% each in CTG, EIB and MBB offset by comparable losses in VCB, BID and STB. Oil and gas tickers also proved to be quite fickle as of late. Of note, GAS and PVD were down 1.2% and 1.7% respectively cancelling gains made in the previous day.