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Vietcap Daily - VN-Index continues downtrend, falls for fourth straight session - MBB, PPC

Market Commentary

26 Sep 2023

* SCIC to increase ownership in MBB

* PPC's operation suspension delayed due to C05 announcement; company announces cash dividend

* Market wrap: VN-Index continues downtrend, falls for fourth straight session

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Market wrap: VN-Index continues downtrend, falls for fourth straight session

The VN-Index fluctuated throughout Tuesday before plunging at the end of the session to close down by 1.3%, dropping to a nearly three-month low of 1,137.96. Over the last four trading sessions, the VN-Index has fallen by 7.2%. 

* VCB (-2.6%) was the top contributor to the day’s loss. Fellow banks BID (-1.7%) and TCB (-1.2%) also decreased. 

* In the Vingroup family of stocks, VHM (-4.3%) and VIC (-3.2%) declined for their fourth straight session, while VRE (-3.0%) fell for its third consecutive trading day. 

* Industrial real estate players GVR (-6.9%) and BCM (-3.1%) dropped. 

* MSN (+3.8%) climbed after plunging by 11.8% over the previous three sessions. 

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