VCSC Daily - VN-Index drops 1.4% on profit booking

* LPB’s CEO resigns, standing vice CEO to assume CEO’s duties until election of new CEO

* POW increases 2022 NPAT-MI by 9%; Nhon Trach 1 and NT2 have bad debt provision reversal

* BID: Prudent LLR to mitigate pressure on credit costs - Update

* CTG: Lower support package outweighs higher credit costs - Update

* Market wrap: VN-Index drops 1.4% on profit booking

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Market wrap: VN-Index drops 1.4% on profit booking

Following its 2.1% gain in the previous session, the VN-Index corrected on Thursday, closing down by 1.4% as investors booked profits.

* VHM (-3.3%) and its parent company VIC (-1.3%) declined. Meanwhile, Vingroup subsidiary VRE (+1.6%) was the day’s top contributing gainer.

* Oil & gas tickers GAS (-2.2%) and PLX (-3.5%) were down.

* Banks BID (-1.2%), CTG (-1.9%), VPB (-1.8%) and HDB (-3.5%) pulled back after experiencing strong increases on Wednesday.