VCSC Daily - VN-Index falls for second consecutive week - PVD, DPR, GAS
  • 2022-04-15T00:00:00
  • Market Commentary

* Banking Sector: Change in law on provision for devaluation in Government bonds could provide banks with better timing in realizing gains/losses on bonds
* PVD to pay 2019 and 2020 stock dividend for total of 20%
* DPR: Reaping benefits from two core businesses - Company Visit Note
GAS: Heading for robust 2022F earnings growth - AGM Note
* Market wrap: VN-Index falls for second consecutive week 

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Market wrap: VN-Index falls for second consecutive week 

The VN-Index dropped by nine tenths of a percent on Friday with the banking and real estate sectors leading the decline. For the week, the VN-Index declined 1.6%, marking just the second time this year that the index has fallen in consecutive weeks. 

* Banks weighed heavily on the index as BID (-3.0%), TCB (-3.6%), VPB (-2.5%), MBB (-2.8%) and TPB (-4.3%) were all among the top contributors to the day’s loss. 

* In the real estate sector, VHM (-1.7%) and its parent company VIC (-1.2%) both fell for the second day in a row. Additionally, DIG (-7.0%) plunged 17.1% for the week. Meanwhile, industrial real estate players GVR (+4.2%) and BCM (+2.9%) gained. 

* Steelmaker HPG (-2.6%) has declined in five out of the past six trading sessions. 

* GAS (+3.1%) increased for the third straight day. 

* Insurer BVH (+6.9%) soared to the daily trading ceiling and hit its highest share price since January 2021.


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