- 2022-11-29T00:00:00
- Market Commentary
* November’s economic results: Trade declines, retail sales remain positive
* VPB receives USD150mn offshore loan disbursement from IFC
* Galvanized Steel Sector Update: Strong HRC price correction, demand slowdown hit 2022; margins to rebound in 2023F
* CTR: Towerco continues to lead growth; construction to slow – Update
* GVR: Lower valuation to reflect slower land conversion outlook - Update
* PTB: Weak customer orders to weigh on near-term earnings – Update
* Market wrap: VN-Index continues to rise
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Market wrap: VN-Index continues to rise
The VN-Index continued to rally, increasing 2.6% on Tuesday as trading turnover on HOSE climbed to a 12-week high of USD737.4mn.
* VIC (+6.8%) was the top contributor to the day’s gain. In addition, Vingroup subsidiaries VHM (+5.8%) and VRE (+4.1%) have respectively jumped 19.6% and 16.6% over the last four trading days.
* Banks VCB (+4.0%) and BID (+3.8%) increased.
* Steelmaker HPG (+6.4%) has gained more than 26% over the last four sessions.
* MWG (+6.6%) has advanced 13.2% so far this week.
* NVL (+6.8%) increased for the first time since October 25.
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