VCSC Daily - VN-Index climbs for second consecutive day - BWE, GDT, VIC, MSN, VNM
  • 2022-05-11T00:00:00
  • Market Commentary

* SBV raises selling price for USD in 3M-forward contracts
*   Domestic petroleum prices hit fresh highs  
*  BWE: Weak April sales volume trails our forecast; Binh Phuoc Province’s water tariff increase approved
*   GDT: New furniture factory adds to strong earnings rebound – Update
*  VIC: Localization strategy to support VinFast's EV business - AGM Note
*  MSN: Businesses heading in the right direction - Analyst Meeting Note
*  VNM: High material costs to remain headwind - Analyst Meeting & Company Visit Note
*  Market wrap: VN-Index climbs for second consecutive day

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Market wrap: VN-Index climbs for second consecutive day 

The VN-Index climbed six tenths of a percent on Wednesday as investors focused their buying efforts on bank and real estate tickers after the recent downtrend of the market. 

*  CTG (+5.9%) was the top contributor to the day’s gain. Fellow banks EIB (+7.0%) and ACB (+2.6%) also increased. 

*  Industrial real estate developer BCM (+5.7%) has jumped 13.1% over the last two days. 

*  FPT (+3.6%) gained for the second day in a row. 

*  REE (+6.9%) and DIG (+7.0%) both soared to the daily trading ceiling. 

*  On the negative side, blue chips MSN (-3.6%), VNM (-1.6%) and HPG (-1.1%) were the day’s top three contributing laggards.

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