* MSN to pay cash dividend of VND250/share, bonus shares at 5:1 ratio
*  NT2 releases preliminary 2021 earnings — slightly lower than our expectation
*  VPB: Moody's upgrades ratings of VPBank, FE Credit
*  SSI: Introduction of KRX system to keep turnover high in 2022 – Update
*  Market wrap: VN-Index plummets 2.6%, slumping to one-month low

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Market wrap: VN-Index plummets 2.6%, slumping to one-month low 

The VN-Index plummeted 2.6% on Friday and wiped-out November’s gains as investors sold off shares after the first case of the COVID Omicron variant was discovered in Southeast Asia. For the week, the VN-Index dropped 3.3%. 

*  VHM (-2.5%) was the top contributor to the day’s loss as it fell for the fourth day in a row. Fellow Vingroup subsidiary VRE (-5.2%) declined for its seventh consecutive session, falling to a nearly two-month low. In addition, parent company VIC (-1.6%) ended a two-day winning streak. 

*  Banks suffered heavy losses, led by BID (-5.6%), VPB (-3.5%), TCB (-2.9%), VCB (-1.1%) and CTG (-2.4%). 

*  On the positive side, pharmaceutical company DHG (+7.0%) soared to the trading ceiling for the second straight day.

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