VCSC - VN-Index falls to seven-week low, drops 2.6% for week

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• STK’s 2022 AGM documents: Company’s guidance signals strong business momentum, raising capital for capacity expansion

• VNG: Earnings to rebound as Vietnam eyes full reopening - Company Visit Note

• Market wrap: VN-Index falls to seven-week low, drops 2.6% for week

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Market wrap: VN-Index falls to seven-week low, drops 2.6% for week

The VN-Index fell eight tenths of a percent on Friday and slumped to a seven-week low of 1,466.54 after local authorities announced that gasoline prices would be increased to record-high levels. Moreover, the VN-Index decreased by 2.6% for the week, marking its largest weekly loss since the first week of January.

In the oil & gas sector, GAS (-4.7%) and PLX (-5.4%) respectively dropped 7.6% and 7.9% over the last two days.
MSN (-5.0%) finished the week down 11.7%.
Other notable large-cap decliners included HPG (-3.1%), GVR (-2.9%) and SAB (-1.9%).
On the positive side, a handful of banks posted gains, including BID (+2.2%), MBB (+1.3%), EIB (+3.2%), STB (+1.6%) and HDB (+1.3%).
Fertilizer producers DPM (+3.9%) and DCM (+3.7%) increased.