VCSC Daily - VN-Index edges up from Tuesday’s 2.1% drop, led by VCB and HPG - BWE, DCM, BSR, GAS, NT2, PNJ
  • 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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