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VCSC Daily - Stocks pull back as banks cool off - Macro Update

After jumping two percent over the first three days of the week, the VN-Index dropped on Thursday as investors took profits in banks such as VCB (-1.0%), CTG (-1.8%), BID (-1.6%) and MBB (-1.0%). ROS (-7.0%) was the biggest contributor to the index's loss as the construction firm fell to its lowest level of the year and is down 37% since March 15. DHG (+7.0%) and PNJ (+1.3%) each reached record highs amid no apparent news catalyst and have surged 88% and 49% so far this year