VCSC Daily - VN-Index nearly unchanged

• BID: Record date for cash and stock dividend set at December 24, 2021

• LPB: Divestment of LPB by VNPost approved by SBV

• Market wrap: VN-Index nearly unchanged

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Market wrap: VN-Index nearly unchanged

The VN-Index inched down by just 0.01%, closing at 1,476.02. Large-caps continued to show relative weakness as the VN30 dropped by 0.29%.

* Banks such as CTG (-0.9%), VPB (-1.1%), VCB (-0.3%) and STB (-1.9%) declined, weighing on the VN30 index’s performance. LPB (+3.4%), however, outperformed its peers following the announcement that the SBV has given LPB’s large shareholder, VN-Post, approval to divest from this bank.

* Real estate tickers traded mixed as BCM (+6.1%), DIG (+6.4%), NVL (+0.9%), KBC (+1.1%) and CII (+6.9%) gained but PDR (-5.9%), VIC (-0.7%), KDH (-2.2%), VRE (-0.8%) and DPG (-7%) decreased.

* Steel tickers soared, including HPG (+2.5%), HSG (+7%) and NKG (+7%). However, HPG and HSG witnessed significant net selling pressure from foreign investors of USD22.4 million and USD1.9 million, respectively.