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VCSC Daily - Stocks extend descent, led by energy, banks - MSN, POW, STB

Market wrap: Stocks extend descent, led by energy, banks. The VN-Index fell for an eighth straight day on Monday, closing down four tenths of a percent. This recent losing streak has been fairly orderly, with last Monday’s drop of 1.9% the only daily pullback of more than a percent. GAS (-2.9%) was the top contributor to the day’s loss as the price of Brent crude traded near USD54/bbl in Asian trading today. PVD (-6.0%) and PVS (-6.9%) also sold off.