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VCSC Daily - VN-Index gains amid reclassification hope - VHM, VJC, BVH

As mentioned above, Vietnam is being added to the Watch List of FTSE Russell for possible reclassification as Secondary Emerging. The domestic stock market reacted positively to this news as the VN-Index advanced by 0.57% to 1015.37, led by VHM (+2.1%), VNM (+1.5%), BVH (+3.6%), TCB (+1.7%) and NVL (+2.6%). VHM rose after revealing the ex-date for 25% stock dividend (100 existing shares to receive 25 additional shares) at October, the 3rd. SAB gained by 0.5% following its first FY2018