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VCSC Daily - VN-Index drops for fourth day in five despite VNM FOL approval - NLG, PLC, DRC, NT2, SKG, CC1, VNM

Vietnam's benchmark stock index opened lower this morning, stayed in the red for the entire session and closed at the low of the day, down 7.50 points, or 1.1%, to 660.26, its fourth day of losses in five since reaching an eight-year high above 675 last week. However, the biggest news of the day was positive as VNM announced the SSC has approved the company's request to remove its entire FOL (see our note below).