VCSC Daily - Stocks slip in response to global sell-off - HDG, NT2, SAB, GEG
  • 2021-09-20T00:00:00
  • Market Commentary

* HDG: Construction of Charm Villas to resume September 21, which will support product handovers, new pre-sales launch
*  NT2: Impressive PBT for 8M 2021 — positive for POW
*   SAB appoints new chief financial officer  
*  GEG: Green energy player pursuing high growth strategy – Initiation
*  Market wrap: Stocks slip in response to global sell-off

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Market wrap: Stocks slip in response to global sell-off 

The VN-Index was up nearly 1% on Monday afternoon; however, the index plunged throughout the remainder of trading to ultimately close down by two tenths of a percent as investors sold shares in response to a downturn in global markets. 

*  GAS (-3.4%) was the top contributor to the day’s loss. 

*  VHM (-1.6%) slumped to a two-month low. 

*  Industrial real estate players GVR (-3.0%) and BCM (-2.2%) dropped. 

*  Among food & beverage manufacturers, MSN (-2.0%) and SAB (-1.7%) declined. Meanwhile, VNM (+2.5%) advanced to a one-month high. 

*  Bank tickers were strong, led by VCB (+2.5%), VIB (+6.9%), TCB (+1.9%), MBB (+1.4%), ACB (+1.6%), LPB (+4.7%) and OCB (+3.9%). 

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