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