VCSC Daily - VN-Index plunges 1.9%

* Discretionary retailers to gradually reopen stores in Hanoi as city loosens social distancing restrictions
* VPB announces record date for stock dividend, bonus share payment
* LHG: Undervalued developer showing progress on key IP project – Initiation
* Market wrap: VN-Index plunges 1.9%

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Market wrap: VN-Index plunges 1.9%

On Monday, the VN-Index plummeted 1.9% with the market entering a sudden downturn in the afternoon as investor sentiment became cautious surrounding the upcoming Q3 earnings season that will be impacted by COVID-19.

* MSN (-5.2%) fell for its third straight session and was the leading contributor to the day’s loss.

* VHM (-1.8%) and its parent company VIC (-1.0%) dropped.

* Banks were down across the board, led by VCB (-1.5%), TCB (-2.1%), CTG (-2.2%) and VIB (-5.1%).

* Large caps GVR (-3.8%), VNM (-2.1%) and MWG (-3.4%) declined.

* Airline VJC (+3.2%) was a rare bright spot.