Vietcap Daily - VN-Index falls as investors become cautious - SAB, PVS

* SAB Analyst Meeting: H1 2023 trails expectations; headwinds to continue in H2 2023

* PVS: Higher potential M&C backlog contributed by Block B project – Update

* Market wrap: VN-Index falls as investors become cautious

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Market wrap: VN-Index falls as investors become cautious

The VN-Index closed down by eight-tenths of a percent on Thursday as investors became cautious following Wall Street’s overnight selloff resulting from Fitch Ratings downgrading the United States’ long-term credit rating. 

* VHM (-2.9%) was the top contributing laggard for the second straight day. 

* Banks VCB (-1.0%), BID (-1.1%), VPB (-1.4%) and TCB (-1.2%) fell. Conversely, ACB (+1.5%) and LPB (+1.2%) finished higher. 

* Steelmaker HPG (-2.4%) has declined in four out of the past five trading sessions. 

* Consumer stocks SAB (+1.6%) and MWG (+1.9%) were the day’s top two contributing gainers. 

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