VCSC Daily - Bank stocks help VN-Index increase for second straight day - PPC, TCB, SSI
  • 2023-03-22T00:00:00
  • Market Commentary

* PPC’s response to KPMG’s unqualified opinion regarding revenue adjustment

* TCB: Moody’s downgrades TCB’s ratings, changes outlook to negative

* Banking Sector Thought Piece: Interest rate risk from G-bonds at Vietnamese banks

* SSI: Lower forecast for 2023, but long-term outlook remains – Update

* Market wrap: Bank stocks help VN-Index increase for second straight day

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Market wrap: Bank stocks help VN-Index increase for second straight day

* On Wednesday, a strong day from the banking sector helped the VN-Index to close up by eight-tenths of a percent, marking its second consecutive daily gain. 

* VCB (+2.9%) was the top contributor to the day’s gain. Fellow banks VPB (+3.2%), BID (+1.6%), EIB (+2.4%) and HDB (+1.4%) also advanced. 

* VHM (+5.0%) has surged 12% over the last two days. 

* HPG (-0.7%) was the day’s top contributing laggard and has dropped in four out of the last five trading days. 

* Retailer MWG (-1.4%) slumped to a four-month low.

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