VCSC Daily - VN-Index closes below 1,200 - PNJ, TCB, DHC
  • 2022-06-20T00:00:00
  • Market Commentary

* PNJ: PNJ’s May 2022 results: Growth remains solid across segments

* TCB: TCB raised USD1bn in offshore syndicated loans – a record high in the Vietnamese banking system

* DHC: Third paper factory announced, conservative guidance – AGM Note

* Market wrap: VN-Index closes below 1,200

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Market wrap: VN-Index closes below 1,200

The VN-Index fell sharply on Monday to 1,180.4 (-3.03%) with 407 losers to only 72 gainers on the HOSE, 145 of which closed at limit down.  

* Financial stocks, such as BID (-6.7%), TCB (-4.4%), CTG (-4.0%), VPB (-2.9%) and SSI (-6.8%) were among of the biggest contributors to the index’s loss. 

* Most oil and gas tickers, including GAS, PVD, PVS floored amid short-term profit-taking pressure from retail investors due to weakness in the Brent oil price.   

* Steel tickers such as HPG, HSG and NKG continued to underperform the VN-Index and closed at new one-year lows. 

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