VCSC Daily - VN-Index drops to lowest level since November 18, 2020 - HPG, LPB, VIB, SCS, BWE
  • 2022-11-07T00:00:00
  • Market Commentary

* HPG: October sales data shows weakness in construction steel, but HRC sales remain resilient

* LPB finalizes record date for stock dividend

* VIB receives USD150mn offshore loan from IFC

* SCS: Well-positioned to overcome upcoming headwinds – Update

* BWE: Conservative 2023 guidance; further expansion – Analyst Meeting Note

* Market wrap: VN-Index drops to lowest level since November 18, 2020

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Market wrap: VN-Index drops to lowest level since November 18, 2020

On Monday, the VN-Index dropped 2.2% to close at a nearly two-year low of 975.19 as several real estate stocks fell to the daily trading floor. 

* Real estate developer NVL (-6.8%) plummeted to the daily trading floor for the third consecutive session and was the top contributor to the day’s loss. PDR (-6.9%), DXG (-6.7%) and KDH (-7.0%) also sank. 

* Banks TCB (-6.9%), CTG (-4.7%), MBB (-5.3%), and EIB (-6.9%) tumbled. However, ACB (+2.5%) snapped a three-session losing streak. 

* HPG (-6.5%) fell to a fresh 52-week low as it fell for the third straight session. 

* Retailer MWG (-6.9%) is down 13.5% over the last two trading days. 

* On the positive side, VNM (+2.7%) was the day’s top contributing gainer.

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