VCSC Daily - VN-Index jumps 1.9% following rally of global markets - Power sector, FPT, IDC, LHG, VHC
  • 2022-06-16T00:00:00
  • Market Commentary

* Fed announces the biggest rate hike in 28 years to fight inflation
* Power sector: Electricity consumption, CGM decline MoM due to early rainfall
* FPT's 5M 2022 results: NPAT-MI surges 34% YoY thanks to robust growth across segments – BUY
* IDC: June 27 ex-rights date for 10% FY2021 stock dividend
* LHG: June 23 ex-rights date for FY2021 cash dividend of VND1,900/share — equivalent to 5.3% yield
* VHC: Sales elevate YoY but weakened MoM in May; treasury share sale completed
* Market wrap: VN-Index jumps 1.9% following rally of global markets

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Market wrap: VN-Index jumps 1.9% following rally of global markets

The VN-Index jumped 1.9% on Thursday as investor sentiment improved following an overnight rally on Wall Street and other global markets. 

* VCB (+3.4%) was the top contributor to the day’s gain. 

* GAS (+3.2%) has climbed 8.5% since Tuesday. 

* VNM (+5.4%) snapped a five-session losing streak. Fellow food & beverage players MSN (+4.4%) and SAB (+2.9%) also increased. 

* Steelmaker HPG (+5.4%) bounced back after dropping 13% over the previous four trading sessions. 

* On the negative side, securities brokerages VND (-6.7%) and SSI (-2.2%) have tumbled 27.2% and 23.6% over the last five sessions, respectively.

 

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