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*  Market wrap: VN-Index declines despite strong performance from bank stocks  

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Market wrap: VN-Index declines despite strong performance from bank stocks 

The VN-Index dropped a half of a percent on Wednesday as the State Securities Commission advised investors to “remain calm” following the arrest of FLC’s chairman for market manipulation, according to VnExpress.  

*  NVL (-3.0%) was the top contributor to the day’s loss. In addition, fellow real estate player DIG (-6.4%) retreated after jumping to the trading ceiling on Tuesday. 

*  FLC (-6.7%) has plummeted 19.2% so far this week. 

*  Fertilizer manufacturers DPM (-7.0%) and DCM (-6.9%) plunged to the trading floor. 

*  GAS (-1.6%) and PLX (-2.5%) both dropped. 

*  On the positive side, several bank stocks increased, including BID (+2.7%), VIB (+4.7%), SSB (+4.2%), MBB (+2.0%), VPB (+1.1%) and HDB (+2.7%).

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