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VCSC Daily - Markets slide, PNJ initiation, PGD update

Markets continue to slide. The VNI loss 2.4 points to close at 383.3 (-0.6%), led by a limit-down loss in Hoang Anh Gia Lai (HAG) and slight decline in Vietcombank (VCB) and Vinamilk (VNM). Of note, Kinh Do Corp. (KDC) advanced 3.5% as foreigners accumulated following solid Q3 results and the company’s CEO registration filing with the HSX to buy 3mn shares (1.8% of outstanding shares).