Vietcap Daily - Banks lead afternoon rally - DIG, PC1, PHR
  • 2023-06-01T00:00:00
  • Market Commentary

* Vietnam manufacturing PMI reading posts lowest reading in 20 months

* DIG’s AGM documents guide for aggressive earnings growth in 2023

* PC1 to establish wholly-owned subsidiary in Australia

* PHR’s AGM documents guide for 40% YoY decline in parent company NPAT for 2023 — broadly in line with our expectation

* Market wrap: Banks lead afternoon rally

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Market wrap: Banks lead afternoon rally

Following a morning decline, the VN-Index rallied on Thursday afternoon to close up by three-tenths of a percent as investors focused their attention toward bank stocks. 

* GVR (+3.3%) was the top contributor to the day’s gain and has surged 16.8% over the last six trading sessions. 

* The banking sector was strong, led by TPB (+4.6%), OCB (+6.2%), TCB (+1.2%), MBB (+1.1%) and EIB (+2.7%). 

* GEX (+6.8%) hit the daily trading ceiling and is up 16.6% since May 25. 

* VHM (-0.9%) fell for the third straight day and was the top contributor among decliners.

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