VCSC Daily - VN-Index falls 2.7%, wiping out Wednesday’s gain

* BWE: Strong volume recovery in September — in line with our expectation

* VIC’s chairman contributes 90% stake to a newly established company VMI via VIC shares

* Market wrap: VN-Index falls 2.7%, wiping out Wednesday’s gain

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Market wrap: VN-Index falls 2.7%, wiping out Wednesday’s gain

The VN-Index dropped 2.7% on Thursday and wiped out its 2.4% gain in the previous session to close at 1,074.52 — its lowest level since January 29, 2021 — as selling pressure hit all sectors.

* Steelmaker HPG (-6.2%) was the top contributor to the day’s loss and has plunged 21.7% percent since September 22.

* Banks VCB (-2.0%), MBB (-5.7%), TCB (-3.9%) and BID (-2.5%) declined. On the other hand, EIB (+6.3%) was the day’s top contributing gainer and has surged 13.7% over the last two days.

* Securities brokerages VND (-6.7%), HCM (6.9%), VCI (6.9%) and SSI (-6.7%) plunged.

* Consumer tickers MSN (-5.1%) and MWG (-6.7%) suffered significant losses.

* GVR (-6.8%) has dropped more than 6% in three out of the last four trading sessions.