- 2022-11-28T00:00:00
- Market Commentary
* DRC: Interim 2022 cash dividend of VND500/share to be paid in February 2023
* HDB to reduce lending interest rates to support customers
* HDG: Attractive valuation vs both power and real estate peers – Update
* KBC: Near-term headwinds to delay major transactions – Update
* NLG: Softer presales outlook; strong financial position – Update
* PPC: Expecting strong CGM price, S6 generator restart in 2023 – Update
* PVS: Expecting recovery of M&C segment in 2023 – Update
* TLG: Growth to normalize; low plastic prices to support margins – Update
* VEA: Weaker outlook for vehicle sales in 2023 – Update
* VNM: Lower input costs to boost 2023 earnings growth – Update
* Market wrap: VN-Index jumps 3.5%, moves above 1,000 points
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Market wrap: VN-Index jumps 3.5%, moves above 1,000 points
On Monday, the VN-Index jumped 3.5% to close at a four-week high of 1,005.69 as investor sentiment improved on hopes of a market recovery.
* Several banks experienced strong gains, including VCB (+4.9%), CTG (+5.8%), TCB (+7.0%), MBB (+6.2%) and VPB (+3.9%). Meanwhile, BID (-1.2%) was the day’s top contributing laggard.
* GAS (+7.0%) surged to the daily trading ceiling, snapping a six-session losing streak.
* Steelmaker HPG (+6.9%) has soared 18.5% over the last three trading days.
* VHM (+6.8%) and VRE (+6.9%) both hit the trading ceiling, but their parent company VIC finished the day unchanged.
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