VCSC Dailly - VN-Index reverses in afternoon to close up 0.9% - VIB, DCM, DGW, LHG, MBB, PVT, SAB, DRC, TPB, VNL

* VIB analyst meeting: Q1 2022 results track slightly behind our forecast
* DCM: Stellar Q1 2022 thanks to robust urea prices, volume - Earnings Flash
* DGW: Strong Q1 2022 profit growth prompts bright outlook - Earnings Flash
* LHG: Strong profit growth in Q1 2022 thanks to interest income - Earnings Flash
* MBB: Surge in NII driven by abnormally high credit growth - Earnings Flash
* PVT: Contribution of new tankers drives Q1 profit, as expected - Earnings Flash
* SAB: Improving competitiveness drives upbeat growth - AGM Note & Earnings Flash
* DRC: Redesigning strategies to avoid direct competition - AGM Note
* TPB: Guidance highlights strong potential of NOII in 2022 - AGM Note
* VNL: Recovery in trade to support logistics segment - Company Visit Note
* Market wrap: VN-Index reverses in afternoon to close up 0.9%

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Market wrap: VN-Index reverses in afternoon to close up 0.9%

The VN-Index was down as much as 1.8% on Wednesday before it soared in the final 90 minutes of trading to close up by nine tenths of a percent; however, trading turnover on HOSE slumped to a nine-month low of USD638.7mn as investor sentiment has been dampened by the market’s recent downturn.

* Steelmaker HPG (+3.2%) increased for the second day in a row and was the leading contributor to the day’s gain.

* Banks were mostly up, led by VCB (+1.2%), CTG (+2.3%), STB (+2.9%), BID (+0.8%) and MBB (+1.2%). On the other hand, VPB (-1.2%) retreated after soaring 6.2% on Tuesday.

* GAS (+1.8%) has gained 6.2% over the past two days.

* Large caps VNM (-1.2%), VRE (-1.8%), FPT (-1.2%) and MWG (-1.1%) were among the day’s top contributing laggards.

* Fertilizer manufacturers DCM (-3.4%) and DPM (-2.1%) dropped.