VCSC Daily - VN-Index jumps early but finishes day with small gain - DPM, POW, VIC
  • 2023-03-06T00:00:00
  • Market Commentary

* New amendments to regulate private corporate bond issuance
*  Power Sector: Weak CGM price in January due to Tet Holiday
*  DPM Analyst Meeting Note: Management changes view on urea prices
*  POW: Vung Ang power plant to return to operation in early March — slightly ahead our forecast
*  VIC’s chairman contributes 95% stake to newly established company GSM, which will offer VinFast EV rentals and taxi services
*  Market wrap: VN-Index jumps early but finishes day with small gain

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Market wrap: VN-Index jumps early but finishes day with small gain

The VN-Index was up as much as 1.7% in morning trading on Monday, but a sell-off of large-cap stocks in the afternoon caused the index to ultimately close up by just two-tenths of a percent. 

* VHM (+2.8%) was the top contributor to the day’s gain. In addition, fellow real estate developers NVL (+6.8%), KDH (+6.4%) and DIG (+6.8%) surged. 

* Banks CTG (+2.0%), TCB (+1.5%) and HDB (+1.1%) finished higher. 

* In the aviation sector, HVN (+4.2%) climbed following its 2.8% drop over the two previous trading days. Meanwhile, VJC (-4.8%) was the day’s top contributing laggard. 

* Food & beverage manufacturers MSN (-2.1%), VNM (-1.3%) and SAB (-1.1%) declined.

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