- 2023-04-03T00:00:00
- Market Commentary
* PMI reading returns to ‘contraction territory’ in March
* SBV reduces policy interest rates
* IDC releases 2022 parent company audited results; NPAT-MI revised down by 21% due to change of revenue recognition for Phu My 2 & expansion IPs from one-off to allocation
* IDC’s AGM Documents: Conservative 2023 NPAT-MI guidance, higher-than-expected dividend distribution
* HT1: Modest earnings growth in 2023F; demanding valuation – Update
* QNS: Conservative 2023 guidance amid positive 2M 2023 results – AGM Note
* Market wrap: Real estate, bank stocks lift VN-Index to six-week high
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Market wrap: Real estate, bank stocks lift VN-Index to six-week high
The VN-Index jumped 1.4% on Monday to hit a six-week high of 1,079.28 and finish higher for the 10th straight session as trading turnover on HOSE surged to USD604.3mn.
* VIC (+5.4%) and its subsidiary VHM (+2.1%) were among the day’s top contributing gainers. Several other players in the real estate sector increased, including KDH (+6.2%), NLG (+6.9%), DIG (+6.7%) and DXG (+6.8%).
* Bank stocks were strong, led by VCB (+1.5%), CTG (+2.6%), TCB (+3.3%), MBB (+2.5%) and SHB (+4.2%).
* Food & beverage manufacturers SAB (-2.0%) and MSN (-1.3%) declined.
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