VCSC Daily - VN-Index plunges 1.4% on profit taking

* HDB issues USD165mn of convertible bonds to international financial institutions
* KBC obtains investment approval for three industrial cluster projects with ~225 ha of total area in Hung Yen Province
* Airlines Sector Update Recovery pathway in sight with fewer travel restrictions
* Market wrap: VN-Index plunges 1.4% on profit taking

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Market wrap: VN-Index plunges 1.4% on profit taking

The VN-Index plunged 1.4% on Thursday, slumping to its lowest level since December 8 as many investors decided to book profits before the end of the year. In addition, trading turnover on HOSE surged to USD1.98bn.

* The real estate sector suffered after posting gains over the past two days. VHM (-3.7%), VIC (-3.6%) and NVL (-3.2%) were the top three contributors to the day’s loss. Furthermore, DIG (-7.0%) plummeted to the daily trading floor after jumping 10.7% in the past two sessions.

* Most banks were down, led by TCB (-3.2%), VPB (-3.6%), HDB (-3.8%) and VIB (-3.0%). Meanwhile, CTG (+1.7%) and EIB (+7.0%) were the day’s top two contributing gainers.

* Securities brokerage SSI (-4.1%) has tumbled 8.4% over the last three days.