VCSC Daily - VN-Index rises for second consecutive day, but trading turnover slumps to two-year low

* Macro Flash Note: Labor market improves further in Q3 2022
* Market wrap: VN-Index rises for second consecutive day, but trading turnover slumps to two-year low

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Market wrap: VN-Index rises for second consecutive day, but trading turnover slumps to two-year low

On Thursday, the VN-Index continued its positive momentum from the previous session, closing up by 1.6% as the banking sector extended its gains. However, trading turnover on HOSE sank to USD370.4mn — its lowest level in two years.

* Bank tickers remained strong as VCB (+3.9%), BID (+6.6%), CTG (+5.9%), ACB (+6.7%) and TCB (+2.0%) were among the top contributors to the day’s gain.

* Steelmaker HPG (+4.3%) has jumped 11.4% over the last two days.

* Food & beverage manufacturers VNM (+3.1%) and SAB (+3.5%) increased. On the other hand, MSN (-2.7%) was the day’s top contributing laggard.

* VRE (+5.8%) advanced for the second straight day after it dropped to the trading floor on Tuesday.