The morning trading session took place with the break of industry groups benefiting from the Russian-Ukrainian conflict. In particular, the group of seaports and shipping is the focal point with a series of ceiling increase codes.

In the second half of the morning trading session on March 3, 2022, the group of shares in the seaport and shipping sectors recorded strong breakthroughs, many ceiling toppers such as Hai An (HAH), Vosco (VOS), Gemadept (GMD), Viconship (VSC),…

Given the escalating tensions between Russia and Ukraine, fears of Western sanctions against Russia, and the FED’s likely soon to raise interest rates, the period’s cash flow focused only on some of the industry groups that benefited from the war.

The shipping stock group benefited as shipping fares have been escalating recently. In addition, the global supply chain is affected by the three largest shipping lines in the world MSC, Maersk, CMA CGM announcing the suspension of freight to and from Russia, which may push the sea freight rates higher.

Since the outbreak of the conflict, stocks of many other industry groups have emerged as well as oil, steel, coal and fertilizers. The reason these stocks benefit is that Russia is a major exporter of oil, steel, coal and fertilizers in the world, especially exported to the European market. Due to concerns about the lack of supply because of the impact of the war and sanctions, the price of oil, gas, steel, fertilizer and world coal prices increased, contributing to the sharp rise in stock prices of the above industry groups.

In addition, the strengthening of the Russian embargo by the US and Europe has led investors to believe that these countries must look for alternative new markets and will create opportunities for Vietnamese enterprises to boost exports to these markets.

Source: Nhịp sống kinh tế