VCSC Daily - Stocks climb 1.3%, VN-Index notches second straight weekly gain - MWG, CII, DIG, DXS, MSN, PLP
  • 2022-05-27T00:00:00
  • Market Commentary

*  S&P upgrades Vietnam’s long-term sovereign credit rating to BB+ with stable outlook
*  MWG’s 4M 2022 results: TGDD & DMX growth remains intact; BHX slows down during transformation
*  CII: Major BOT project to strengthen financial position – Update
*  DIG: Slow development progress to slow earnings growth – Update
*  DXS: Expecting strong earnings recovery in 2022 – Update
*  MSN: Consumer business remains earnings growth engine – Update
*  PLP: Expanding product portfolio to improve profit margin - Company Visit Note
*  Market wrap: Stocks climb 1.3%, VN-Index notches second straight weekly gain

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Market wrap: Stocks climb 1.3%, VN-Index notches second straight weekly gain 

On Friday, the VN-Index increased for its fourth consecutive session, closing up by 1.3% as investors focused their attention on large-cap stocks — evidenced by 29 of the VN30 Index’s components advancing. In addition, the VN-Index gained 3.6% for the week, marking its second straight positive week. 

*  FPT (+5.9%) was the top contributor to the day’s gain and finished the week up 14.7%. 

*  Retailers MWG (+5.5%) and PNJ (+7.0%) both recorded strong increases. 

*  VHM (+1.5%) climbed for the fourth day in a row. 

*  Banks ACB (+4.8%), VCB (+0.9%), TCB (+2.0%) and EIB (+4.9%) were among the day’s top contributing gainers. 

*  On the negative side, chemical manufacturer DGC (-4.8%) fell for the second straight session.

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