Vietcap Daily - VN-Index falls for second straight day

* BID: PBT to exceed USD1bn in 2023 - Update
* CTG: High credit costs to remain in 2023 - Update
* PPC: S6 generator expected to reoperate in early September - AGM Note
* Market wrap: VN-Index falls for second straight day

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Market wrap: VN-Index falls for second straight day

Despite positive news from the State Bank of Vietnam cutting interest rates, the VN-Index dropped four-tenths of a percent on Wednesday, marking its second straight negative session.

* Steelmaker HPG (-1.8%) was the top contributor to the day’s loss.

* Banks TCB (-1.8%), BID (-0.8%), STB (-2.0%) and VPB (-0.8%) declined.

* Dairy manufacturer VNM (-1.0%) fell for the fourth consecutive session.

* VHM (+1.5%) was the day’s top contributing gainer.

* MSN (+2.0%) finished higher for the first time in three sessions.