Vietcap Daily - VN-Index falls for second straight day as trading turnover plunges

* FRT: Pharmacy to contribute major earnings over next five years – Update

* KBC: Trang Due 3 IP to obtain investment approval in H2 2023 – Update

* SCS: Weak trade activity delays new client acquisition – Update

* TLG: Higher valuation for defensive business – Update

* GEG - Termination of coverage

* Market wrap: VN-Index falls for second straight day as trading turnover plunges

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Market wrap: VN-Index falls for second straight day as trading turnover plunges

The VN-Index declined by a half of a percent on Friday, falling for the second day in a row as trading turnover on HOSE plunged 40% from Thursday’s session to USD440.9mn. For the week, the VN-Index dropped by eight-tenths of a percent; however, it finished the month of June, Q1 2023 and H1 2023 up 4.2%, 5.2% and 11.2%, respectively.

* Banks VCB (-1.9%) and BID (-2.6%) were the top two contributors to the day’s loss.

* GAS (-1.7%) and VIC (-1.5%) both decreased for the third consecutive day.

* HPG (+1.4%) surged 23.3% for the month.

* FRT (+6.9%) soared to the daily trading ceiling.