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VCSC Daily - Stocks trade sideway, banks cold to gold extension

Market view: The VNI dipped 0.1% to 391.4. The HNI fell 0.3% to 53.6. Banking stocks closed relatively flat with the exception of Military Bank (MBB, +2%) despite getting a reprieve from the State Bank of Vietnam (SBV). The central bank decided to extend the deadline for banks to close gold positions. The SBV also approved a merger of two unlisted banks, DaiA bank and HDbank.