VCSC Daily - VN-Index surges 4.2%, hits eight-week high

* PHR to pay interim FY2022 cash dividend of VND4,000/share

* VNM: Dissolution of Vibev joint venture with KDC

* MWG: Earnings to recover in 2023 on smaller loss at BHX – Update

* Market wrap: VN-Index surges 4.2%, hits eight-week high

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Market wrap: VN-Index surges 4.2%, hits eight-week high

The VN-Index surged 4.2% on Friday, hitting an eight-week high of 1,080.01 as all 30 large-cap tickers that comprise the VN30 Index finished higher. For the week, the VN-Index jumped 11.2%, marking its largest weekly gain thus far in 2022.

* Banks experienced strong gains across the board, led by VCB (+6.2%), BID (+5.6%), CTG (+6.9%), TCB (+5.1%) and MBB (+5.6%).

* VHM (+6.9%) soared to the daily trading ceiling and finished the week up 21.7%. In addition, parent company VIC (+4.2%) rebounded following its 5.2% loss in the previous session.

* GAS (+4.4%) ended a three-day losing streak.

* HPG (+6.9%) climbed 27.1% for the week.