VCSC Daily - VN-Index falls amid strong profit-taking pressure

• The SBV increases system-wide credit growth target for 2022 by 1.5-2 ppts

• BWE: Sluggish sales volume recovery in November — slightly trailing our expectation

• TDM – Resilient sales volume in November

• PLX: Management expects NPAT to recover in 2023 - EGM Note

• Market wrap: VN-Index falls amid strong profit-taking pressure

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Market wrap: VN-Index falls amid strong profit-taking pressure

The VN-Index fell sharply on Tuesday by 4.1% as profit-taking pressure increased from the psychological resistance level at 1,100. Turnover on the HOSE surged to a new high in 2022 with 1.48 billion shares traded (equivalent to USD0.98 billion).

* The financials sector was the biggest contributor to the VN-Index’s loss, led by declines from VCB, BID, VPB and CTG.

* Real estate tickers plummeted, including VHM, VIC, VRE and NVL.

* Materials stocks traded mixed with gains from fertilizer tickers DPM, DCM and BFC and losses from steel names, such as HPG, HSG and NKG.

* Midcaps in consumer staples out-performed their peers as well as the VN-Index due to rallies from VHC, ANV, DBC and HNG.