VCSC Daily - VN-Index plunges to nearly two-year low - CTR, PHR, VHC, TLG
  • 2022-10-11T00:00:00
  • Market Commentary

* Domestic petroleum prices rebound from lows
* Petroleum Sector: MoF raises regulated cost and premium for distributors to solve supply shortage at petrol stations
* CTR: PBT surges 28.5% YoY in 9M 2022 thanks to telecom-related segments, construction  
* PHR: Standalone company posts weak profit in Q3 2022 due to absence of compensation income from rubber land conversion
* VHC: Stellar YoY sales growth continues despite weakening MoM in September 2022
* TLG: Defensive balance sheet, solid growth outlook - Update
* Market wrap: VN-Index plunges to nearly two-year low

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Market wrap: VN-Index plunges to nearly two-year low

On Tuesday, the VN-Index plunged 3.5% to close at a nearly two-year low of 1,006.20 as 135 tickers fell to the daily trading floor. 

* Banks weighed heavily on the index as VCB (-4.8%), BID (-5.0%), TCB (-7.0%), MBB (-7.0%), CTG (-4.3%) and ACB (-6.4%) were among the top 10 contributors to the day’s loss. 

* GVR (-6.8%) has plummeted more than 17% over the last four trading days. 

* Notable decliners in the real estate sector included VHM (-3.9%), VRE (-6.9%), BCM (-5.9%) and KBC (-6.8%). 

* Steelmaker HPG (-4.6%) dropped to a 52-week low.

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