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VCSC Daily - VN-Index remains below the 1200 level - KBC, PNJ, POW, VJC

The VN-Index gave back its early gains to close nearly unchanged at 1,194.43 (+0.03%). Foreign investors remained net sellers of the market by VND450.7 billion (USD19.6 million). Some large-caps, such as VCB (+3%), VHM (+1.5%), NVL (+2.3%) and VRE (+1.8%) recovered from last Friday’s sell-off due to the rebalancing activities of the Vaneck Vectors Vietnam ETF and db x-tracker FTSE Vietnam ETF. However, a majority of other VN30 tickers fell, including VIC (-1%), VNM (-0.9%), TCB (-1.7%)