VCSC Daily - MSN plunges to trading floor, VN-Index drops for fifth straight session

* BWE: January 2023 preliminary NPAT in line with our forecast

* REE: Short-term headwinds, but growth to resume in 2024 – Update

* VCB: Earnings growth to remain strong in 2023 – Update

* VIC: Broad-based business improvements to offset VinFast loss – Update

* VPB: Cutting FEC’s earnings; parent bank remains key driver – Update

* Market wrap: MSN plunges to trading floor, VN-Index drops for fifth straight session

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Market wrap: MSN plunges to trading floor, VN-Index drops for fifth straight session

The VN-Index dropped 1.8% on Monday — marking its fifth consecutive losing session — as foreign investors were net sellers of USD27.6mn.

* MSN (-7.0%) plummeted to the daily trading floor and was the top contributor to the day’s loss.

* Steelmaker HPG (-3.4%) has tumbled 8.2% over the last five sessions.

* Consumer tickers SAB (-2.0%) and MWG (-3.8%) were down.

* Banks VCB (-0.7%), CTG (-2.5%), MBB (-2.5%) and BID (-0.8%) were all among the day’s top 10 contributing laggards.

* On the positive side, airline VJC (+2.4%) gained after falling 6.2% over the four previous trading days.