Vietcap Daily - VN-Index climbs to eight-month high - TDM, VEA, VHC, STK
  • 2023-06-13T00:00:00
  • Market Commentary

* TDM targets to acquire 24.4% stake in Ca Mau Water Supply JSC in Q2-Q3 2023 — in line with our expectation

* VEA: Vietnam’s passenger car and motorbike sales plunge YoY in May, as expected — BUY

* VHC: Sales recover MoM in May

* STK: Orders recovering but remain weaker than expected – Update

* Market wrap: VN-Index climbs to eight-month high

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Market wrap: VN-Index climbs to eight-month high

On Tuesday, the VN-Index advanced for its third straight session, closing up by six-tenths of a percent and hitting an eight-month high of 1,122.46 as real estate and steel stocks led the way. 

* VCB (+1.5%) increased for its fourth consecutive session and was the day’s top contributing gainer. Fellow bank BID (+1.6%) also finished higher. 

* The real estate sector had a positive impact on the overall market. Vingroup stocks VIC (+1.3%), VHM (+2.3%) and VRE (+1.5%) increased. Moreover, NVL (+6.8%) surged to the daily trading ceiling, while DIG (+3.5%), DXG (+1.4%) and NLG (+1.5%) also made notable advances. 

* Steelmakers HPG (+2.0%), NKG (+5.8%) and HSG (+4.2%) posted robust gains.

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