Vietcap Daily - VN-Index drops to five-week low as trading turnover declines

* PPC: Management is confident to remain in operation, historical incorrect revenue finalization implies upside to 2023F NPAT forecast
* SAB to pay FY2022 stock dividend with September 15 record date
* GMD: 2023F core earnings to rise YoY on port margin expansion - Update
* VJC: Strengthening market position to boost recovery in margins - Update
* Market wrap: VN-Index drops to five-week low as trading turnover declines

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Market wrap: VN-Index drops to five-week low as trading turnover declines

The VN-Index dropped by seven-tenths of a percent on Wednesday to close at a five-week low of 1,172.56. Investors demonstrated caution, as evidenced by trading turnover on HOSE falling by 22% compared to Tuesday’s session, amounting to USD713.7mn

* The majority of banks finished in the red, including VCB (-2.4%), VPB (-1.7%), STB (-3.9%), CTG (-0.8%) and MBB (-1.1%).

* VHM (-1.8%) finished lower for the fifth consecutive trading day. On the other hand, its parent company VIC (+0.8%) edged up following its 14.7% tumble over the previous four sessions.

* Power stocks PGV (-4.2%) and POW (-3.5%) plummeted.

* GAS (+1.6%) increased for the third day in a row and was the day’s top contributing gainer.