VCSC Daily - VN-Index edges down as NVL tumbles - VNM
  • 2022-11-03T00:00:00
  • Market Commentary

* Fed raises policy rate by another 75 bps to combat inflation
*  Vietnam Earnings Update: Lowering VN-Index targets
*  VNM: Gross margin expected to advance in Q4 2022 - Q1 2023 - Analyst Meeting Note
*  Market wrap: VN-Index edges down as NVL tumbles

----------------------------------------

Market wrap: VN-Index edges down as NVL tumbles 

The VN-Index edged down by three-tenths of a percent on Thursday with trading turnover on HOSE slumping to USD316.9mn. 

*  Real estate developer NVL (-6.9%) plummeted to the daily trading floor, hitting a 52-week low. 

*  Banks were mixed for the day. BID (-2.1%), VCB (-0.8%), CTG (-1.7%), ACB (-2.1%), MBB (-1.4%) and HDB (-2.1%) were all among the day’s top contributing decliners. Meanwhile, TCB (+2.6%), EIB (+2.8%) and STB (+2.1%) advanced. 

*  MSN (+5.4%) bounced back from its 6.4% drop on Wednesday. 

*  Retailer MWG (+3.1%) ended a four-session losing streak.


Powered by Froala Editor