Vietcap Daily - Steel stocks climb, VN-Index increases for second straight day - HDG, PPC, PVS
  • 2023-06-21T00:00:00
  • Market Commentary

* HDG to issue 61.1 million shares to pay FY2022 stock dividend
* PPC to pay first tranche of FY2022 cash dividend of VND400/share
* Vietnam Residential Real Estate: Faster-than-expected rate cuts boost investor sentiment
* PVS: Higher profits from FSO/FPSO JVs and M&C segment - Update
* Market wrap: Steel stocks climb, VN-Index increases for second straight day

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Market wrap: Steel stocks climb, VN-Index increases for second straight day 

The VN-Index rose six-tenths of a percent on Wednesday, supported by strong gains from steel stocks due to expectations of the Government accelerating infrastructure projects in the second half of the year. 

* Steel tickers HPG (+4.0%), HSG (+3.3%) and NKG (+4.4%) surged. 

* GVR (+3.7%) has jumped 9.5% over the last three days. 

* Dairy manufacturer VNM (+1.2%) ended a run of six straight negative sessions. 

* VHM (-0.9%) was the day’s top contributing decliner and has finished lower in four out of the last five trading days. 


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