- 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
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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.
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