- 2022-05-23T00:00:00
- Market Commentary
* Government issues Decree 31/2022 to support interest rates for enterprises, cooperatives & household businesses
* Gasoline prices set fresh highs
* FPT's 4M 2022 results: NPAT-MI surges 35% YoY thanks to robust growth across segments — BUY
* NT2: Conservative earnings guidance for 2022, slightly higher cash dividend for 2021
* PLX’s AGM documents: Conservative 2022 targets, 2021 cash dividend trail our expectations
* HSG: High HRC prices weigh on FY2022 profit; stock oversold – Update
* NKG: New capex bolsters long-term growth; stock oversold – Update
* STB: We model for 'kitchen sink' legacy clearance in 2022 – Update
* VIB: Faltering NOII to pick up in H2 2022 – Update
* HVN: Larger-than-expected net loss due to high jet fuel costs - Earnings Flash
* Market wrap: VN-Index drops 1.8% to open week
----------------------------------------
Market wrap: VN-Index drops 1.8% to open week
The VN-Index dropped 1.8% on Monday with liquidity on HOSE remaining low at USD575.8 mn as investors locked in profits from large-cap stocks that jumped last week, which was evidenced by the VN30 Index tumbling 2.1% with 27 of its 30 components finishing in the red.
* Banks suffered heavy losses, led by BID (-3.3%), VPB (-4.2%), VCB (-1.2%), CTG (-3.5%) and TCB (-2.4%).
* In the real estate sector, BCM (-6.4%) retreated after gaining more than 11% in the previous four trading days. Additionally, NVL (-1.8%) dropped for its third session in a row.
* MSN (-3.1%) fell for the second consecutive session after hitting the daily trading ceiling three straight days last week. Fellow food & beverage player VNM (-2.6%) extended its losing streak to three sessions.
* On the positive side, insurer BVH (+1.2%) was the day’s top contributing gainer.
Powered by Froala Editor