VCSC Daily - VN-Index ended lower despite good economic data - GDP - DGC
  • 2022-09-29T00:00:00
  • Market Commentary

* Q3 2022 GDP growth hits record high 

* DGC: China limits yellow phosphorus production again, benefiting DGC - BUY 

* Market wrap: VN-Index ended lower despite good economic data 


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Market wrap: VN-Index ended lower despite good economic data 


The VN-Index rose by up to 1.4% in the morning as the market reacted positively to a record high GDP growth number of 13.67% YoY in Q3 2022. However, sellers regained control of the market in the afternoon, pushing the index down to close at 1,126.07 (-1.53%).  


* Financials and real estate were the biggest contributors to the VN-Index’s loss with declines from VCB, CTG, VPB, BVH, VIC and DXG.        


* Large-caps in the consumer sector traded mixed with gains from VNM, losses from MSN and MWG while PNJ and SAB were nearly unchanged.   


* Power tickers such as NT2 and VSH closed limit down. However, GAS gained by 1% to help the utilities sector outperform the market. 


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