VCSC Daily - VN-Index plummets 11% for week - VHC, SCS, TCB
  • 2022-05-13T00:00:00
  • Market Commentary

* VHC: Stellar sales growth momentum continues in April
*  Fixed Income April 2022: Yields surge in April
*  SCS: Solid volume growth in 2022F despite potential headwinds – Update
*  TCB: Valuation still favors TCB as best long-term growth play – Update
*  Market wrap: VN-Index plummets 11% for week

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Market wrap: VN-Index plummets 11% for week 

Despite markets throughout the Asia-Pacific region rising on Friday, the VN-Index plummeted 4.5% as margin calls prompted a broad selloff. For the week, the VN-Index plunged 11%, marking its sixth consecutive negative week and biggest weekly loss since March 9-13, 2020. 

*  Banks continued their slide from Thursday, led by VCB (-5.2%), VPB (-6.7%), BID (-5.4%) TCB (-6.9%) and MBB (-6.0%). 

*  GAS (-5.3%) dropped 8.2% over the last two days. 

*  Steelmaker HPG (-6.1%) dropped to a 52-week low and fell 14.1% on the week. 

*  MSN (-6.9%), MWG (-6.9%) and GVR (-7.0%) all tumbled to the daily trading floor.

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