VCSC Daily - VN-Index drops despite strong performance from oil & gas, fertilizer tickers - DGC, BVH, GEX, NVL
  • 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

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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.

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