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VCSC Daily - Stocks jump on snap-back rally - POW

Market wrap: Stocks jump on snap-back rally. After dropping as much as 1.4% in the first hour of trading on Friday, the VN-Index rebounded strongly and managed to claw back about half of yesterday’s sell-off, closing up 2.6%. For the week, the index fell 3.8% for a second week of losses. Today’s top gainers were yesterday’s top laggards, including GAS (+6.5%), VIC (+3.2%) and MSN (+3.4%). Banks also mounted a comeback, led by VCB (+3.8%), BID (+2.7%), CTG (+3.3%), TCB (+3.1%) and VPB (+4.3%).