VCSC Daily - VN-Index extends losing streak to five sessions, falls below 1,400 - - DGC, DRC, FPT, HT1, LPB, PHR, PPC, SCS, SSI, VHC, VPB

* Vietnam incurs USD1.6bn trade deficit in first half of April
* DGC: Positive business momentum, ASP uptrend continues - Earnings Flash
* DRC: Inventory pile-up cushions earnings from cost hikes - Earnings Flash
* FPT: All segments post strong double-digit growth - Earnings Flash
* HT1: Weak Q1 earnings as high coal prices pressure margins - Earnings Flash
* LPB: NIM propels NII despite weak Q1 2022 credit growth - Earnings Flash
* PHR: Strong profit growth in Q1 thanks to compensation income - Earnings Flash
* PPC: Further delay in operation of Pha Lai 2's S6 generator - Earnings Flash
* SCS: Solid profit growth in Q1; margins ahead of our forecast - Earnings Flash
* SSI: Elevated trading conditions power brokerage segment - Earnings Flash
* VHC: Earnings beat thanks to strong fillet selling prices - AGM Note & Earnings Flash
* VPB: Upfront fee, parent bank make up for FECs slow quarter - Earnings Flash
* Market wrap: VN-Index extends losing streak to five sessions, falls below 1,400

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Market wrap: VN-Index extends losing streak to five sessions, falls below 1,400

On Wednesday, the VN-Index fell for its fifth straight session — the first time the index has experienced a five-session losing streak since July 2020 — as it dropped 1.5% and closed below 1,400 points while investors continued to exhibit pessimistic sentiment.

* GAS (-6.4%) fell to a one-month low and was the top contributor to the day’s loss.

* GVR (-7.0%) has plunged 11.5% over the last two days.

* Real estate players VHM (-3.0%), BCM (-4.3%) and DXG (-6.4%) tumbled.

* The banking sector continued to perform poorly, led by SHB (-6.9%), VPB (-1.7%), TCB (-1.5%) and VPB (-2.7%). Conversely, VCB (+0.9%) recorded its first positive session since April 6.

* Fertilizer manufacturers DPM (-6.8%) and DCM (-6.7%) both retreated after increasing over the previous two trading sessions.

* On the positive side, food & beverage tickers MSN (+3.1%), SAB (+1.8%) and VHC (+4.3%) climbed.