VCSC Daily - VN-Index closed higher with increased turnover

* SBV raises USD selling price to VND23,925

* Power sector: MoIT proposes retail power price of 8.4-9.4 US Cents/kWh by 2030

* PVT: Preliminary 8M 2022 results in line with our expectations; PVT’s subsidiary (PVP) submitted proposal to move from UPCoM to HoSE

* Market wrap: VN-Index closed higher with increased turnover

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Market wrap: VN-Index closed higher with increased turnover

The VN-Index fell sharply by up to 2.4% in the morning session to reach the psychological level at 1,100. However, a late rally in the afternoon session helped the index to return to positive territory and close with a 0.54% gain. Turnover on the HOSE surged to a high level at USD721mn.

* The utilities and IT sectors were the biggest contributors to the recovery of the VN-Index with gains from GAS, NT2, FPT and DGW.

* Oil & Gas stocks performed well, including rallies from DCM, DPM, PVT, PVD and PGC.

* Real-estate tickers traded mixed with gains from VRE, VIC, KBC and HDC and losses from KDH, VHM, NLG and QCG.