VCSC Daily - Strong performance from GAS not enough to save VN-Index’s winning streak - DHC, ACV, AST, BID, CTG, MWG, PVD, VEA, VTP
  • 2022-05-31T00:00:00
  • Market Commentary

* DHC’s AGM documents: Conservative 2022 business guidance — as usual; new paper & packaging factories to bolster long-term outlook
*   Macro Thought Piece: Increasing risks to Vietnam's external trade
*  ACV: Profit to rebound, driven by international passengers – Update
*  AST: Domestic passengers to drive first phase of recovery – Update
*  BID:  Asset quality improvements unburden BID – Update
*  CTG: NIM cut as sizeable concessionary lending continues – Update
*  MWG: Growth sustained by TGDD & DMX; BHX needs more time – Update
*  PVD: Slow drilling segment recovery despite higher oil prices – Update
*  VEA: Supply chain disruptions hold back earnings recovery – Update
*  VTP: Product shortage, high fuel costs to rein in earnings recovery – Update
*  Market wrap: Strong performance from GAS not enough to save VN-Index’s winning streak


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Market wrap: Strong performance from GAS not enough to save VN-Index’s winning streak 

The VN-Index inched down by a tenth of a percent on Tuesday, snapping its five-session winning streak as investors focused their selling efforts on large-cap stocks — evidenced by 20 of the VN30 Index’s components declining. For the month of May, the VN-Index declined 5.4%. The VN-Index has tumbled 13.4% over the last two months. 

*  GAS (+7.0%) surged to the daily trading ceiling and was the day’s top contributing gainer. 

*  VHM (+1.6%) climbed for its sixth straight session. 

*  Fertilizer producers DCM (+6.9%) and DPM (+5.5%) experienced strong gains.

*  Steelmaker HPG (-2.1%) was the leading contributor to the day’s loss. 

*  Most banks were down, including VPB (-1.9%), BID (-1.3%), TCB (-1.6%) and MBB (-1.2%). Conversely, VCB (+1.1%) extended its winning streak to three sessions. 

*  REE (-4.4%) pulled back following its 26.3% gain over the previous five trading days.

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