VCSC Daily - Bank stocks weigh on VN-Index

• Power Sector: Power consumption declines in August due tightened social distancing in southern Vietnam

• CTG: EGM to approve listing of CTG’s bonds on exchange, elect additional BOD member for 2019-2024

• FRT to acquire warehouse company to strengthen logistics capabilities

• MSN: MML, De Heus enter strategic MOU in animal protein value chain

• POW to pay full FY2020 cash dividend of VND200/share (2% yield)

• Fixed Income August 2021: Liquidity remains abundant in August

• Market wrap: Bank stocks weigh on VN-Index

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Market wrap: Bank stocks weigh on VN-Index

After rising on Tuesday morning, the VN-Index dropped as it neared the 1,350-point mark and ultimately finished the day down by a tenth of a percent as declines across the banking sector weighed on the market.

Banks CTG (-2.0%), VPB (-1.1%), TCB (-0.9%), MBB (-1.1%), ACB (-1.2%) and HDB (-1.6%) were among the day’s top contributing decliners.
HPG (-1.0%) fell for its third straight session.
POW (-2.9%) has dropped 5% over the last two days.
MSN (+3.7%) was the day’s leading contributor among gainers.
SAB (+2.8%) climbed to an 11-week high.
HVN (+6.9%) has soared 36.7% since September 6. Meanwhile, fellow airline VJC fell for the second day in a row.