VCSC Daily - VN-Index jumps to 12-week high, led by MWG - PMI

* Labor shortage, rising inflation dampen production recovery momentum
* Environmental tax cut comes to effect; gasoline prices drop while diesel prices rise further
* CTG analyst meeting reveals positive bancassurance sales
* DIG: Earnings guidance for 2022 is higher than our forecast; proposed rights issuance plan of 100 million shares at VND30,000/share
* DXS: In line earnings guidance for strong growth in 2022
* KDH: AGM documents guide for 16% 2022 earnings growth — lower than our forecast
* MWG’s 2022 AGM documents guide for further profitability improvements, 1:1 stock dividend and private placement for BHX of up to 20% of share capital
* TCB: Conservative guidance for 2022 on high base in 2021
* VPB expects strong Q1 2022 results thanks to recording upfront fee from bancassurance deal with AIA
* Market wrap: VN-Index jumps to 12-week high, led by MWG

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Market wrap: VN-Index jumps to 12-week high, led by MWG

The VN-Index had a strong start to April, gaining 1.6% and hitting a 12-week high of 1,516.44 on Friday as large-cap stocks lead the way with the VN30 Index jumping 2.2%. For the week, the VN-Index gained 1.2%.

* MWG (+7.0%) soared to the daily trading ceiling and reached an all-time high.

* In the banking sector, VPB (+3.8%), BID (+1.9%) and CTG (+1.8%) experienced strong gains.

* MSN (+3.0%) had its first positive session since March 22.

* SAB (+4.0%) jumped to a four-week high.

* On the negative side, industrial real estate developer BCM (-1.2%) was the day’s top contributing decliner.