VCSC Daily - VN-Index drops 1.3% - GEG, GEX, MBB, PC1, VIC, ACB, FPT

* GEG: 2022 earnings guidance lower than our forecast
* GEX: 2022 PBT guidance in line with our expectation
* MBB: Further details on plan for mandatory transfer of credit institution placed under special control following guidance of Government and SBV
* PC1 releases 2022 earnings guidance — lower than our forecast
* VIC: VinFast Singapore submits draft registration statement for proposed public listing
* Macro Update: Global headwinds slow pace of recovery
* ACB: ACB signals return of cash dividends for private banks - AGM Note
* FPT: Standing firm to deliver upbeat earnings growth - AGM Note
* Market wrap: VN-Index drops 1.3%

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Market wrap: VN-Index drops 1.3%

The VN-Index dropped 1.3% on Thursday as investor sentiment continued to be impacted by the recent arrest of the chairman of property developer Tan Hoang Minh, which was reported by Vn Express earlier this week.

* VCB (-1.9%) was the top contributor to the day’s decline. On the other hand, MBB (+1.0%) and ACB (+2.9%) were bright spots in the banking sector.

* Vingroup tickers VIC (-1.2%), VHM (-1.7%) and VRE (-2.8%) declined.

* NVL (-2.0%) fell for the second day in a row.

* Other notable decliners included MSN (-1.8%), HPG (-1.5%), GVR (-1.9%) and MWG (-2.4%).

* Fertilizer producers DPM (+4.2%) and DCM (+3.9%) climbed back after steep falls on Wednesday.