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VCSC Daily - Stocks slip for third straight day - FPT, GEX, HPG, BMI, FRT, KBC, PTB, REE, VHC

Market Commentary

15 May 2020

On Friday, the VN-Index fell for its third day in a row, closing down six tenths of a percent, as investors sold shares after the Government lowered Vietnam’s GDP growth forecast for 2020 (see above note). Nevertheless, the index gained 1.6% for the week. Numerous banks decreased on the day. BID (-2.8%) was the leading contributing decliner, snapping a seven-session winning streak. CTG (-2.1%), TCB (-1.2%), MBB (-2.02%) and STB (-2.4%) also dropped. In the food and beverage

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