VCSC Daily - VN-Index falls for second straight day

* LPB signs new exclusive bancassurance deal with Dai-ichi Life, receives SBV approval on proposal to transfer shares of major shareholder
* HPG: Property slowdown hits 2022F; strong rebound in 2023F – Update
* PC1: Resilient power construction to drive 2023F rebound – Update
* STK: Unitex to break ground by YE, orders to recover in H1 2023 – Update
* VRE: Retail leasing recovery to continue in 2023 – Update
* Market wrap: VN-Index falls for second straight day

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Market wrap: VN-Index falls for second straight day

The VN-Index fell nine-tenths of a percent on Tuesday with trading turnover on HOSE jumping to a two-month high of USD670.9mn.

* VIC (-4.7%) fell for the second day in a row and was the top contributor to the day’s loss. Vingroup subsidiary VHM (-3.5%) also dropped.

* Banks VCB (-2.0%) and TCB (-1.8%) declined. Meanwhile, BID (+2.7%) and EIB (+6.9%) were among the day’s top contributing gainers.

* Both MSN (-3.5%) and GAS (-1.9%) fell for the third straight trading day.

* NVL (-7.0%) looked like it might end its downtrend as it climbed nearly 4% with its trading volume surging to more than 100 million shares in early trading; however, it soon reversed course and ended the day on the daily trading floor for the 14th consecutive sessions.