VCSC Daily - VN-Index falls as Omicron variant causes concern - DXG, CII, IMP, MBB, SAB, STK, HVN
  • 2021-11-29T00:00:00
  • Market Commentary

* Economic performance improves in November
*  Energy Sector: Oil prices plunge due to concern regarding Omicron variant
*  DXG cancels private placement plan of 200 million shares
*  CII: Full valuation despite expected profit recovery in 2022F – Update
*  IMP: Earnings to bounce back as COVID-19 disruptions ease – Update
*  MBB: Well-contained credit quality; strong NII growth – Update
*  SAB: Gradual recovery amid on-premise channel restrictions – Update
*  STK: Competitive landscape changes in favor of STK – Update
*  HVN: Smaller loss than expected despite elevated restrictions - Earnings Flash
*  Market wrap: VN-Index falls as Omicron variant causes concern
----------------------------------------

Market wrap: VN-Index falls as Omicron variant causes concern

The VN-Index dropped by a half of a percent on Monday as investors were concerned by the recently discovered Omicron variant of COVID and the effect that it could have on global markets. 

*  Banks were down across the board, led by VCB (-3.7%), TCB (-3.1%), BID (-2.1%) and VPB (-2.0%).

*  GAS (-2.5%) slumped to a two-month low following the decline of global oil prices. 

*  Consumer sector stocks MSN (-3.2%), MWG (-2.8%) and SAB (-3.4%) fell. 

*  Among airlines, VJC (-3.5%) dropped for its third straight session while HVN (-2.9%) ended a four-session winning streak. 

*  On the positive side, VIC (+6.9%) and its subsidiary VHM (+1.8%) were the day’s top two contributing gainers. In addition, VGC (+6.8%) and DXG (+7.0%) both surged to the daily trading ceiling.

Powered by Froala Editor