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VCSC Daily - Stocks flat; fertilizer names jump - BHN

Market Commentary

12 Jan 2017

The VN-Index was little changed on Thursday, slipping lower by less than a tenth of a percent amid less than average trading volume. Fertilizers tickers, such as DPM (+6.3%), DCM (+2.3%) and Hanoi-traded LAS (+9.5%) saw strong gains after the MOIT proposed to classify fertilizer makers as a category eligible for input VAT deductions. Local urea prices are also starting to catch up with a global urea rally and could see further increases in Q1.

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