Market wrap: VN-Index ticks up, led by MSN, bank tickers 

The VN-Index was up as much as 1.2% on Tuesday morning; however, it decreased throughout the rest of the session to close up by only three tenths of a percent despite a strong recovery from the banking sector.  

-   MSN (+3.6%) jumped for the second day in a row and was the top contributor to the day’s gain. Meanwhile, fellow food & beverage manufacturer VNM (-1.6%) ended a three-session winning streak. 

-   Several banks recovered from recent declines, including TCB (+1.5%), VIB (+3.0%), CTG (+1.1%), TPB (+3.6%) and ACB (+1.4%). Conversely, VCB (-1.0%) and EIB (-4.2%) dropped. 

-   VRE (+3.4%) snapped a two-session losing streak, but fellow Vingroup ticker VHM (-1.6%) was the day’s top contributing laggard. 

-   Chemical producer DGC (-3.6%) cooled off following its nearly 24% gain over the previous eight trading sessions. 

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-   Vietnam Macro Flash: USTR’s determination of Section 301 investigation of Vietnam’s currency: No trade action against Vietnam

-   Energy Sector Update: Limited US production supports higher oil price outlook

-   HND: Earnings to bottom in Q3 2021F – Update

-   NT2: Looking forward to earnings recovery in Q4 2021 – Update

-   SCS: Attractive valuation even assuming no expansion to LTA – Update

-   VHC: Earnings slowly recover as COVID-19 disruptions prolong - Update

-   ACB: Entire restructured loan provisions booked in Q2 2021 - Earnings Flash

-   BMP: High input plastic prices hit Q2 2021 earnings - Earnings Flash

-   GVR: Natural rubber segment continues to drive earnings - Earnings Flash

-   ACV: 2021 continues to be challenging year due to COVID-19 - AGM Note

-   STK: Outlook remains robust despite supply chain disruptions - Analyst Meeting Note

-   Market wrap: VN-Index ticks up, led by MSN, bank ticker