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VCSC Daily - Market polarized as Q3 earnings results start to trickle in - HT1, KDH

Market Commentary

21 Oct 2015

The first wave of 3rd Quarter earnings results split the market right down the middle wherein gainers equaled laggards in number. The market moved sideways, closing at 590.24 (-0.21 points). The recent Dong devaluation was the overarching theme impacting Q3 earnings. There was a broad story where importers such as DRC (-2.3%) and PAC (-2.9%) realized a substantial amount of Forex losses, leading to underwhelming Q3 results and a sharp fall in their share prices.

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