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VCSC Daily - Banks, energy lead stocks lower - PMI - ACV, BID, BVH, CTG, GMD, GTN, HPG, HSG, NVL, PC1, PVD, PVT, SAB, VIC, VJC, VNM, PLX

Market Commentary

02 May 2018

After being closed the first two days of the week, the VN-Index continued its recent slide, closing down two percent on Wednesday. The index has fallen 15% over the last 14 trading days. GAS (-7.0%) extended a 23% plunge over the last five trading days as Brent crude prices came off three-year highs and the company said the Government's plan to divest part of its stake was postponed until at least next year. Other energy names such as PVD (-6.8%), PVS (-9.9%) and PVT (-3.5%) also fell sharpl

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