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VCSC Daily - Stocks slump, led by VHM, banks - POW

The VN-Index sold-off hard over the last hour of trading on Wednesday, closing down 1.4% for a second day of losses. Trading value bounced back to USD259mn, including net buying of USD98mn by foreigners, thanks to a USD110mn put-through trade for YEG. VHM (-4.4%) was the top contributor to the loss and fell to its lowest level since the close on its first day of trading on May 17. Parent VIC (+1.3%) was the top positive contributor to the index while subsidiary VRE (-2.5%) fell.