- 2022-10-17T00:00:00
- Market Commentary
* SBV widens trading band for USD/VND exchange rate, raises USD selling price
* PC1 announces 2021 stock dividend payment
* PVD wins drilling contract from Canadian oil & gas operator
* PVT: Preliminary 9M 2022 results in line with our expectations
* TAR: Rice exports set to jump with favorable global outlook – Company Visit Note
* Market wrap: VN-Index snaps three-day winning streak
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Market wrap: VN-Index snaps three-day winning streak
The VN-Index dropped 1% on Monday, pulling back after its 5.5% gain over the previous three trading days as investor sentiment was dampened by USD/VND exchange rate worries after the State Bank of Vietnam raised its USD selling price.
* Conglomerate VIC (-6.2%) plunged and was the top contributor to the day’s loss. Vingroup subsidiary VHM (-4.6%) also declined.
* Banks VCB (-2.6%), TCB (-2.3%), BID (-0.9%) and MBB (-1.7%) retreated after making big gains at the end of last week. Conversely, SHB (+4.5%) and STB (+2.8%) advanced.
* Consumer tickers SAB (-1.7%) and MWG (-1.7%) dropped.
* Energy stocks were strong, led by GAS (+1.5%), POW (+3.2%) and PVD (+7.0%).
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