VCSC Daily - VN-Index increases for third straight day - STK, DGW
  • 2022-08-03T00:00:00
  • Market Commentary

* Vietnam sugar producers to benefit from Government’s domestic sugar protection tariff in H2 2022

* STK: Weaker short-term demand outlook; delay in expansion – Update

* DGW: Management stays confident in H2 2022 earnings outlook – Analyst Meeting Note

* Market wrap: VN-Index increases for third straight day 

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Market wrap: VN-Index increases for third straight day 

The VN-Index climbed seven-tenths of a percent on Wednesday and extended its winning streak to three days as steel manufacturer stocks experienced robust gains. 

* GAS (+3.5%) increased for the fifth straight session and was the leading contributor to the day’s gain. 

* Steel tickers were strong. HPG (+3.7%) has climbed 11.8% over the last five trading sessions. In addition, HSG (+6.8%) and NKG (+7.0%) soared to the daily trading ceiling. 

* In the banking sector, BID (+2.1%), VCB (+0.8%) and STB (+2.0%) advanced. Meanwhile, VIB (-1.5%) dropped for the second day in a row. 

* SAB (+1.1%) extended its winning streak to five sessions. 

* REE (+3.3%) is up 8% so far this week. 

* On the negative side, VHM (-1.0%) and its parent company VIC (-0.9%) were the day’s top two contributing decliners.

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