- 2022-02-24T00:00:00
- Market Commentary
* FPT: Projected earnings growth above 20% - Update
* HDB: NIM to expand in 2022; strong fee income growth continues – Update
* PHR: Strong profit growth in 2022F thanks to land conversion – Update
* Market wrap: VN-Index drops on escalating Russia-Ukraine tension
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Market wrap: VN-Index drops on escalating Russia-Ukraine tension
The VN-Index dropped 1.1% on Thursday, following other Asian markets that fell after Russia launched an attack on Ukraine.
* VIC (-2.9%) was the top contributor to the day’s loss. Fellow real estate players VHM (-1.0%), NVL (-1.0%) and DIG (-6.0%) also fell. Conversely, DXG (+6.9%) has jumped 11.3% over the last two days.
* Banks VCB (-1.8%), BID (-2.2%), CTG (-2.9%) and TCB (-2.3%) declined. On the other hand, VPB (+2.8%) was the leading contributor among gainers.
* On the positive side, oil & gas tickers GAS (+1.7%), PLX (+1.4%) and PVD (+6.3%) jumped as the price of Brent crude crossed the USD100 per barrel level for the first time since 2014.
* Fertilizer producers DPM (+6.9%) and DCM (+7.0%) surged to the trading ceiling for the second day in a row.
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