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VCSC Daily - VN-Index drops to start week, led by VHM; BVH surges on Sumitomo Life news - BVH, CII, DPM, DHG, FPT, MWG

The VN-Index opened the week on Monday by dropping a half of a percent. Trading value on HOSE reached USD246.6mn, which was well above the 10-day average of USD205.9mn.VHM (-3.4%) was the leading contributor to the day’s loss as it slumped to a seven-week low. Meanwhile, fellow Vingroup subsidiary VRE (+1.0%) recovered after it fell more than 3% last week. Most banks declined, including VCB (-2.7%), CTG (-1.5%), MBB (-1.8%) and HDB (-1.4%). Other notable decliners included MSN (-2.2%),