VCSC Daily - Vingroup tickers, banks lift VN-Index to 14-week high - DGW, GAS, SLS
  • 2021-10-11T00:00:00
  • Market Commentary

• Petroleum prices climb on rising global oil prices  

• DGW: Q3 2021 preliminary results, revised 2021 guidance beat our expectations

• GAS: Weak Q3 2021 gas volume due to low demand; 9M 2021 results broadly in line with our expectation thanks to high gas prices   

• SLS: Higher sugar prices, antidumping tariff on Thai sugar imports to support earnings - Company Visit Note

• Market wrap: Vingroup tickers, banks lift VN-Index to 14-week high

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Market wrap: Vingroup tickers, banks lift VN-Index to 14-week high 

The VN-Index jumped 1.6% on Monday — marking its sixth straight positive session and a 14-week high — as investors focused on picking up shares of bank stocks in response to positive expectations for that sector’s third quarter performance. 

  • The Vingroup family of stocks had a strong day. VIC (+2.9%) was the top contributor to the day’s gain while VHM (+1.4%) and VRE (+4.5%) both ended two-session losing streaks. 
  • The banking sector surged, led by TCB (+4.5%), CTG (+5.3%), MBB (+4.0%), BID (+2.0%) and ACB (+3.7%). 
  • Steelmaker HPG (+2.7%) advanced to a 52-week high.

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