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VCSC Daily - Real estate stocks drag down market

FTSE rebalancing impact fades. Last Friday’s after-hours FTSE rebalancing announcement, aside from giving Gemadept (GMD) a short-lived boost, had little impact on trading today. Following news of being included in the FTSE Vietnam, GMD became Monday’s star, hitting limit-up with significant trading volume but eventually notched only a minimal gain as selling pressure mounted.