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VCSC Daily - VN-Index plunges following crash of US oil prices - HPG, NLG, PTB, BSR, DPM, DXG, HT1, PNJ, TPB, VCB, VPB

Market Commentary

21 Apr 2020

The VN-Index dropped 3.5% on Tuesday, snapping a six-session winning streak, as US oil prices plummeted over 300% to negative USD37.63 overnight. VIC (-3.3%) was the leading contributor to the day’s loss. In addition, Vingroup subsidiary VRE (-6.9%) plunged to a two-week low. In the banking sector, BID (-6.5%) fell to a three-week low. CTG (-5.3%), VPB (-6.9%) and MBB (-6.0%) also declined, among others.

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