VCSC Daily - VN-Index drops 1.4% - Petroleum price

* Deep cut in domestic petroleum prices

* STK: August 5 record date for 5:1 rights issue

* Macro Flash Note: Employment returns to pre-pandemic level

* QTP: GENCO1 IPO to trigger record dividend payment - Company Report

* Market wrap: VN-Index drops 1.4%

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Market wrap: VN-Index drops 1.4%

The VN-Index dropped 1.4% on Monday as investors focused their selling efforts on large-cap stocks, which was evidenced by 24 of the VN30 Index’s 30 components finishing in the red.

* Banks were down across the board, led by VCB (-2.7%), TCB (-5.2%), VPB (-3.8%), BID (-1.4%), MBB (-2.6%) and VIB (-4.6%).

* MSN (-2.3%) and HPG (-1.8%) pulled back following their respective 4.9% and 4.6% gains over the previous two trading sessions.

* Vingroup subsidiaries VRE (-3.7%) and VHM (-0.8%) declined. Meanwhile, parent company VIC finished the day unchanged.

* Industrial real estate company KBC (+3.4%) increased for the third consecutive session and was the day’s top contributing gainer.