VCSC Daily - VN-Index tumbles 2.1%, foreign investors end net buying run - FPT, PNJ, VEA, NT2, PVD
  • 2023-03-20T00:00:00
  • Market Commentary

* FPT guides for 19% YoY PBT growth in 2023 in its AGM documents
*   PNJ’s 2M 2023 results: NPAT delivered mid-single-digit growth, top-line growth turned slightly negative
*  VEA: Vietnam’s passenger car and motorbike sales decline YoY in 2M 2023 – BUY
*  NT2: Raising DPS forecasts on removal of bad debt provision – Update
*  PVD: PVD’s day rates to approach 2014 peak – Update
*  Market wrap: VN-Index tumbles 2.1%, foreign investors end net buying run

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Market wrap: VN-Index tumbles 2.1%, foreign investors end net buying run 

The VN-Index tumbled 2.1% on Monday investors continued to be cautious following the recent crisis surrounding the banking sector on global markets. In addition, foreign investors were net sellers of USD14.7mn, ending a run of nine consecutive net buying sessions.

*  VCB (-4.4%) dropped for its third straight trading day and was the top contributor to the day’s loss. Numerous other banks also suffered significant losses, including BID (-2.0%), CTG (-3.4%) and TPB (-5.3%).

*  VHM (-1.8%) and HPG (-2.0%) have declined 7.5% and 6.1% over the last three trading sessions, respectively.

*  Food & beverage players MSN (-2.4%) and SAB (-1.6%) decreased.

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