VCSC Daily - VN-Index drops to start week - BWE, CTR, NLG, PVD, VHC, BSR, GEG
  • 2022-12-12T00:00:00
  • Market Commentary

* Domestic petroleum prices hit 15-month lows

* BWE raises USD20mn from ADB, JICA for waste treatment segment

* CTR: PBT surges 23% YoY in 11M 2022 thanks to telecom-related segments, construction

* NLG: Q4 2022 profit guidance beats our expectation due to Can Tho project, Paragon stake sales

* PVD wins drilling contract from PVEP POC

* VHC: YoY sales growth loses momentum as frozen fillet sales slow in November

* Fixed Income Report: G-bond issuance hits 18-month high

* BSR: Share price overly discounts earnings outlook – Update

* GEG: Convertible pref issue to help control leverage – Update

* Market wrap: VN-Index drops to start week

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Market wrap: VN-Index drops to start week

The VN-Index opened the new week with a 1.9% decline on Monday as many large-cap tickers plummeted in afternoon trading. 

* Conglomerate VIC (-6.9%) was the top contributor to the day’s loss. Vingroup subsidiaries VHM (-6.6%) and VRE (-6.4%) also plunged. 

* Most banks were down, including BID (-2.8%), CTG (-2.1%), MBB (-2.7%) and STB (-4.9%). Meanwhile, EIB (+6.9%) surged to the daily trading ceiling for its third consecutive session. 

* Steelmaker HPG (-3.1%) retreated following its 5.2% gain over the two previous trading days. 

* NVL (+6.9%) snapped a streak of five straight days hitting the trading floor.

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