VCSC Daily - VN-Index falls 1.2% despite strong day from banks

* Market wrap: VN-Index falls 1.2% despite strong day from banks

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Market wrap: VN-Index falls 1.2% despite strong day from banks

The VN-Index fell 1.2% on Tuesday as the rise of numerous bank stocks could not offset declines in other sectors.

* GAS (-5.2%) dropped for its fourth straight session and was the top contributor to the day’s loss.

* Consumer sector stocks MSN (-5.3%), VNM (-2.7%), MWG (-3.4%) and SAB (-1.8%) declined.

* Chemical manufacturer DGC (-6.9%) has tumbled 16.9% over the last four sessions.

* REE (-6.9%) sank to the daily trading floor as it recorded its fifth consecutive negative session.

* Meanwhile, the banking sector performed well with BID (+3.6%), TCB (+3.8%), MBB (+3.5%), CTG (+1.5%), STB (+3.1%), VPB (+1.0%), ACB (+0.8%), SHB (+1.5%), HDB (+0.8%) and TPB (+0.7%) comprising the day’s top 10 contributing gainers.