VCSC Daily - Big gain from MSN pulls up VN-Index

• CTD to pay full FY2020 cash dividend of VND1,000/share (1.5% yield)

• IMP’s 8M 2021 results: August results dampened by COVID-19 but improve vs July — in line with expectation

• VHC: Preliminary US antidumping review suggests minimal changes to competitive landscape in US market

• Market wrap: Big gain from MSN pulls up VN-Index

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Market wrap: Big gain from MSN pulls up VN-Index

On Wednesday, the VN-Index climbed a half of a percent and snapped a two-day losing streak as investors are becoming optimistic about the reopening of business activities in Vietnam and the country’s vaccination progress.

MSN (+6.9%) surged to an all-time high.
Steelmakers HPG (+2.6%) and HSG (+6.9%) increased following strong steel export numbers from August.
GAS (+2.8%) advanced to a four-week high while PLX (+1.6%) ended a three-session losing streak.
PNJ (+3.3%) bounced back after dropping 5.3% over the previous two days.
On the negative side, VCB (-1.2%) was the day’s top contributing laggard. Airline HVN (-6.5%) declined, ending a seven-session winning streak.