VCSC Daily - VN-Index jumps to three-week high

* SBV to reduce some policy interest rates

* REE: Aggressive 2023 NPAT guidance — 17% higher than our forecast

* BVH: Slower top line growth; higher rates to boost earnings – Update

* VIB: Strong outlook with confidence in risk management – AGM Note

* Market wrap: VN-Index jumps to three-week high

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Market wrap: VN-Index jumps to three-week high

The VN-Index jumped 2.1% on Wednesday and hit a three-week high of 1,062.19 as stocks increased — especially tickers in the financial sector — after the State Bank of Vietnam (SBV) announced it would cut a key interest rate.

* Banks were up across the board, led by BID (+3.9%), TCB (+3.4%), MBB (+3.5%), VPB (+2.1%), ACB (+3.1%) and VIB (+5.7%).

* Securities brokerages SSI (+6.8%), VND (+6.8%), VCI (+7.0%) and HCM (+7.0%) surged to the daily trading ceiling.

* Among Vingroup stocks, VIC (+1.9%) and VHM (+2.8%) advanced, but VRE (-1.0%) fell for the second day in a row.

* GVR (+6.3%) soared following its 5.6% drop over the previous three trading days.