VCSC Daily - VN-Index edges down as banking stocks drop

* Power Sector: February CGM price hits 10-year high of VND1,928/kWh

* BWE’s AGM Materials: Paperwork for water businesses in other provinces in progress

* MSN receives commitment for USD375mn syndicated offshore loan out of USD650mn it seeks

* POW: Robust 2M 2023 volume across all segments — BUY

* VHC: Frozen fillets sales recovered MoM; collagen and gelatin led YoY sales growth in February 2023

* Fixed Income February 2023: SBV actively uses T-bills to absorb excess liquidity

* HDB: One-off bancassurance income to boost 2023F profit – Update

* HSG: Cautious FY2023 guidance on uncertain demand outlook – AGM Note

* Market wrap: VN-Index edges down as banking stocks drop

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Market wrap: VN-Index edges down as banking stocks drop

The VN-Index edged down by three-tenths of a percent on Friday, marking its first negative session of the week as numerous banking stocks declined. In terms of its weekly performance, the VN-Index increased 2.7%.

* The performance of the banking sector impacted the overall market as VCB (-1.0%), BID (-1.0%), TCB (-2.3%), ACB (-1.8%), STB (-1.9%) and TPB (-2.0%) were all among the top contributors to the day’s loss.

* FPT (-1.4%) fell after climbing in the three previous days.

* MSN (+3.8%) has surged 12.8% over the last four sessions.

* Vingroup subsidiaries VRE (+3.7%) and VHM (+1.1%) advanced.

* HVN (+4.9%) experienced a 12% gain over the last two days. On the other hand, fellow airline VJC (-1.2%) pulled back after it had gained in each of the previous three trading sessions.