VCSC Daily - Stocks pull back as VNM extends slump - DQC, TPB, MWG, AST
Market wrap: Stocks pull back as VNM extends slump. The VN-Index fell for the first day in four, closing down four tenths of a percent. VNM (-4.3%) slid to a nine-month low and has plunged 28% over the last five months after reporting poor H1 results. The overall market dropped despite gains in some banks, led by VCB (+4.3%), BID (+2.2%), CTG (+0.9%) and HDB (+1.0%). AST (+6.5%) jumped to a two-month high. We recommended buying AST shares in a report released today.