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Vietcap Daily - Foreign investors net sell more than USD25mn, VN-Index declines - ACB, BMI, DXG

Market Commentary

23 May 2023

* SBV reduces policy interest rates

* ACB announces 2022 dividend payment

* BMI finalizes record date for cash dividend of 5% of par value

* DXG: 2023 profit to rise from low base; expecting slow presales – Update

* Market wrap: Foreign investors net sell more than USD25mn, VN-Index declines

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Market wrap: Foreign investors net sell more than USD25mn, VN-Index declines

The VN-Index fell by four-tenths of a percent on Tuesday as foreign investors were net sellers of more than USD25mn, which was mostly focused on large-cap stocks. 

* GAS (-1.6%) was the top contributor to the day’s loss. 

* Food & beverage manufacturers VNM (-1.8%), MSN (-2.2%) and SAB (-1.1%) finished lower. 

* VIC (+1.0%) bounced back after dropping 2.1% over the previous two trading days. 

* Power generation company PGV (+4.4%) has surged 11.1% over the last four sessions.

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