- 2022-03-07T00:00:00
- Market Commentary
• DGC's 2022 AGM documents: Business guidance signals another year of robust earnings growth
• Macro Update: Surging global oil prices put pressure on inflation
• BVH: Faster premium growth, higher combined ratio in 2022F – Update
• GEX: Expecting strong earnings growth; valuation looks fair – Update
• NVL: Expect strong Aqua City, NovaWorld handovers in 2022F – Update
• Market wrap: VN-Index drops despite strong performance from oil & gas, fertilizer tickers
----------------------------------------
Market wrap: VN-Index drops despite strong performance from oil & gas, fertilizer tickers
The VN-Index dropped by four tenths of a percent on Monday and closed below 1,500 points as investors continued to be concerned about the Russia-Ukraine conflict and its impact on global financial markets.
- VHM (-2.2%) was the top contributor to the day’s loss.
- Banks BID (-2.4%), CTG (-1.8%), ACB (-3.1%), TPB (-4.3%), MBB (-2.1%) and TCB (-1.4%) fell. Meanwhile, EIB (+5.9%) jumped.
- Consumer tickers MSN (-1.9%) and SAB (-3.4%) dropped. Notably, SAB is down 8.5% over the last three trading sessions.
- On the positive side, oil & gas stocks GAS (+5.6%), PLX (+3.6%) and PVD (+7.0%) climbed as global oil prices surged to 13-year highs.
- Fertilizer producers DPM (+7.0%) and DCM (+6.9%) soared to the daily trading ceiling.
- Steel companies HPG (+2.6%) and HSG (+4.0%) increased.
Powered by Froala Editor