VCSC Daily - Banks rebound, helping VN-Index to snap three-session losing streak - PMI - BWE, TDM, CTG, ACV, BVH, DIG, FRT, NVL, TPB
  • 2021-12-01T00:00:00
  • Market Commentary

* Manufacturing PMI continues to expand
*  BWE & TDM announce ex-rights dates for 2021 dividend payments, 2022 AGM dates  
*  CTG to pay 8% on par value 2020 cash dividend
*  ACV: Vaccinated international passengers to drive profits – Update
*  BVH: Insurance premium growth to bounce back in 2022F – Update
*  DIG: Steep spike in share price leaves valuation expensive – Update
*  FRT: Positive pharmacy progress prompts our re-rating – Update
*  NVL: Aqua City, NovaWorld handovers to accelerate in 2022F – Update
*  TPB: Lower provisions to support robust 2022F NPAT growth – Update
*  Market wrap: Banks rebound, helping VN-Index to snap three-session losing streak

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Market wrap: Banks rebound, helping VN-Index to snap three-session losing streak 

The VN-Index gained a half of a percent on Wednesday, ending its three-session losing streak as investors picked up shares of select stocks following the market’s recent downtrend.

*  Banks bounced back after slumping in recent days, led by TPB (+7.0%), HDB (+4.9%), CTG (+1.3%), TCB (+1.2%), STB (+3.5%), MBB (+1.7%) and MSB (+3.8%). 

*  The real estate sector was mixed. NVL (+3.6%) was the top contributor to the day’s gain as it jumped to its highest share price since July 5. VIC (+0.9%) also increased. Conversely, VHM (-2.0%), DIG (-4.5%) and GVR (-0.8%) were among the day’s top contributing laggards. 

*  Brewer SAB (+1.6%) recorded its first positive session since November 22.

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