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VCSC Daily - VN-Index drops, ending five-session winning streak - GMD, VHM

Market Commentary

10 Jul 2020

The VN-Index dropped six tenths of a percent on Friday, mirroring other Asian markets that declined as investors were cautious due to the increasing number of COVID-19 cases worldwide. With the loss, the index ended a five-session winning streak; however, the VN-Index increased 2.8% for the week. VHM (-1.7%) was the leading contributor to the day’s loss. Fellow Vingroup subsidiary VRE (-1.8%) also fell. Conversely, parent company VIC (+0.4%) was the session’s top contributing gainer.

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