VCSC Daily - Broad selloff leads to VN-Index plunging 2.6% - HPG, HSG, VHC

* Energy Sector: Another development for Block B project

* HPG: AGM documents guide for 5% decline in 2023 NPAT growth — more conservative than our forecast

* HSG: AGM documents guide for low 2023 earnings

* Galvanized Steel Sector Update: HRC price rally to support 2023F earnings, but share prices have run ahead of fundamental developments

* VHC: Earnings to decline in 2023 on weak pangasius exports – Update

* Market wrap: Banks slide, VN-Index finishes lower

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Market wrap: Broad selloff leads to VN-Index plunging 2.6% 

The VN-Index plunged 2.6% on Wednesday as there was strong selling pressure throughout all sectors, mirroring overnight action on Wall Street. 

* Vingroup tickers suffered steep losses. VHM (-5.7%) was the day’s top contributing laggard and parent company VIC (-2.4%) fell for the first time in four trading days. Furthermore, VRE (-5.1%) experienced its second-biggest daily loss so far this year. 

* Bank stocks were down across the board, led by BID (-2.7%), VCB (-1.3%) and CTG (-3.2%). 

* Real estate developers NVL (-6.6%) and DXG (-6.8%) plummeted to the daily trading floor. 

* Food & beverage manufacturers MSN (-3.0%) and VNM (-2.2%) both dropped for the second day in a row. 

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