Market wrap: VN-Index edges down as blue chips fall 

The VN-Index could not maintain the momentum from Tuesday’s session, edging down two tenths of a percent on Wednesday as investors sold off shares of blue-chip stocks. Notably, 21 of the VN30 Index’s 30 components declined. 

-   Most banks decreased, including VCB (-1.2%), HDB (-3.6%), CTG (-1.2%) and VIB (-2.1%). Conversely, TCB (+1.6%) and LPB (+2.4%) were among the sector’s few bright spots. 

-   VHM (+1.3%) and its parent company VIC (+1.0%) were the top two contributors to the day’s gain. Furthermore, Vingroup subsidiary VRE (+2.6%) snapped a four-session losing streak. 

-   GAS (-1.8%) retreated following its 2.6% gain in the previous trading session. Meanwhile, petroleum distributor PLX (+1.3%) increased for the second day in a row. 

-   DGW (+7.0%) surged to the daily trading ceiling, hitting a one-week high. 

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-   ACV’s trading to be suspended for next three trading sessions due to not disclosing information regarding 2021 AGM 

-   HSG: Strong HRC prices support upbeat preliminary 9M FY2021 results 

-   GDT: Western markets spearhead double-digit growth - Earnings Flash

-   LPB: CIR drop in H1 2021 closes gap vs peers - Earnings Flash

-   MBB: Lower cost of funds drives NIM expansion in H1 2021 - Earnings Flash

-   PNJ: H1 2021 results in line; COVID-19 poses near-term risk - Earnings Flash

-   TV2: A leading engineering consultancy for power plants - Company Report

-   DGW: Outlook remains bright despite pandemic disruptions - Analyst Meeting Note

-   Market wrap: VN-Index edges down as blue chips fall