VCSC Daily - Crude oil drop weighs on energy stocks - Macro Update

Market Commentary

10 Jan 2017

The VN-Index bobbed around break even on Tuesday amid low volatility and lower-than-average trading volume before closing with a small loss, the market's first down day of the new year. A sharp drop in Brent crude oil prices overnight weighed on local energy names, such as GAS (-0.8%) and PVD (-1.4%). Meanwhile, profit takers stepped in to sell stocks in the financial sector (-0.7%) after, as we previously reported, strong earnings reports and expectations of FOL increases helped fuel

Contact us for a research access: (+84) 2 8888 2 6868