- 2023-02-08T00:00:00
- Market Commentary
* Banking Sector: No direction from SBV to tighten credit to real estate sector; banks to make further effort to lower interest rates
* Real Estate Sector: Real estate developers raise solutions with SBV to solve credit difficulties for real estate sector
* BWE plans M&A with DNP Long An Water JSC
* DCM sets conservative 2023 guidance — within our expectation
* BSR: Raising target price on higher projected crack spreads – Update
* GAS: LNG import projects remain viable over long term – Update
* NT2: Strong 2022 earnings to ensure dividend payment – Update
* PNJ: Slower growth on weaker consumer confidence – Update
* Market wrap: VN-Index edges up from Tuesday’s 2.1% drop, led by VCB and HPG
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Market wrap: VN-Index edges up from Tuesday’s 2.1% drop, led by VCB and HPG
The VN-Index climbed by six-tenths of a percent on Wednesday as strong gains from VCB and HPG had a positive impact on the overall market.
* VCB (+2.4%) was the top contributor to the day’s gain. Fellow banks BID (+1.6%), CTG (+2.4%), TCB (+1.6%) and HDB (+1.7%) also advanced. Meanwhile, STB (-2.9%) dropped.
* Steelmaker HPG (+5.6%) bounced back from its 6.6% drop on Tuesday.
* SAB (+3.1%) has increased in four out of the past five trading sessions.
* VIC (-1.1%) fell for the second day in a row and was the day’s top contributing decliner.
* PLX (-4.6%) pulled back following its 7.7% gain over the previous three trading days.
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