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* GAS: Preliminary 2022 PBT guidance in line with our expectation – BUY
* Market wrap: VN-Index closed at new low since the end of July
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Market wrap: VN-Index closed at new low since the end of July
The VN-Index dropped by 0.94% on Friday following the rate hike decision from the SBV the previous day. The index closed at 1,203.28 – the lowest level since the end of July 2022.
* The financial sector was the biggest contributor to the VN-Index’s loss, led by declines from banking names such as VCB, VPB, BID and CTG. However, insurance stocks such as BVH, BMI, BIC and MIG showed strong gains to outperform the market.
* Real estate stocks dropped, including VIC, VHM, DXG and PDR.
* The utilities sector outperformed the market, due to gains from GAS, BWE, PGD and TBC.
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