VCSC Daily - VN-Index edges down as NVL tumbles

* Fed raises policy rate by another 75 bps to combat inflation
* Vietnam Earnings Update: Lowering VN-Index targets
* VNM: Gross margin expected to advance in Q4 2022 - Q1 2023 - Analyst Meeting Note
* Market wrap: VN-Index edges down as NVL tumbles

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Market wrap: VN-Index edges down as NVL tumbles

The VN-Index edged down by three-tenths of a percent on Thursday with trading turnover on HOSE slumping to USD316.9mn.

* Real estate developer NVL (-6.9%) plummeted to the daily trading floor, hitting a 52-week low.

* Banks were mixed for the day. BID (-2.1%), VCB (-0.8%), CTG (-1.7%), ACB (-2.1%), MBB (-1.4%) and HDB (-2.1%) were all among the day’s top contributing decliners. Meanwhile, TCB (+2.6%), EIB (+2.8%) and STB (+2.1%) advanced.

* MSN (+5.4%) bounced back from its 6.4% drop on Wednesday.

* Retailer MWG (+3.1%) ended a four-session losing streak.