VCSC Daily - VN-Index ends three-session losing streak, but trading turnover slumps

• GMD: Upbeat medium-term growth outlook already priced in – Update

• PNJ: Severe short-term headwinds; bright long-term outlook – Update

• VEA: COVID-19 escalation dampens vehicle sales – Update

• Market wrap: VN-Index ends three-session losing streak, but trading turnover slumps

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Market wrap: VN-Index ends three-session losing streak, but trading turnover slumps

The VN-Index gained eight tenths of a percent and ended a three-session losing streak on Wednesday. Meanwhile, trading turnover on HOSE slumped 28% from Tuesday’s session to USD736.46mn as investors are concerned about the prospects for the market to make a quick recovery due to the current COVID-19 situation in Vietnam.

MSN (+5.1%) was the top contributor to the day’s gain.
GVR (+3.5%) snapped a three-session losing streak.
POW (+6.6%) posted its biggest daily increase in nearly three months.
Airline VJC (+3.4%) advanced for the third day in a row, hitting its highest share price since April 27.
Bank CTG (-1.8%) was the day’s top contributing decliner.