VCSC Daily - VN-Index snaps three-day winning streak - PC1, PVD, PVT, TAR
  • 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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