VCSC Daily - VN-Index slumps on profit taking - DCM. HPG, VCB
  • 2022-01-10T00:00:00
  • Market Commentary

* DCM’s preliminary 2021 NPAT result beats our forecast
*  HPG: 2021 steel sales volume jumped — especially for flat steel products; generally in line with our forecast
*  VCB announces key performance results for 2021
*  Macro update: Rapid vaccination helps growth to resume
*  Market wrap: VN-Index slumps on profit taking  

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Market wrap: VN-Index slumps on profit taking 

Strong profit-taking pressure hit the VN-Index on Monday afternoon following a technical glitch on HOSE, which caused the index to close down by 1.6%. 

*  GAS (-5.1%) was the top contributor to the day’s loss. 

*  BCM (-6.7%) plummeted following its 18% gain last week. Real estate peers NVL (-2.9%) and DIG (-4.4%) also dropped. 

*  POW (-6.9%) plunged to the daily trading floor, snapping a five-session winning streak. 

*  Airline HVN (+2.4%) was a bright spot as it ended a three-session losing streak and was the leading contributor among gainers.

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