Vietcap Daily - VN-Index edges up for fifth straight positive session - HDB, KBC, DHC, SCS, PLX
  • 2023-06-26T00:00:00
  • Market Commentary

* HDB to reduce stake in VJC, realize investment gains
* LG Innotek approved to increase registered capital for Hai Phong project by USD1bn, which could benefit KBC’s IP
* Vietnam Macro Flash Note - Vietnam National Assembly approves VAT cut
* DHC: Conservative 2023 guidance; Giao Long 3 delayed - AGM Note
* SCS: Weak trade activities delay customer acquisition - AGM Note
* PLX: Decree 95 revision to slightly benefit petroleum distributors - AGM Note

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Market wrap: VN-Index edges up for fifth straight positive session

The VN-Index was down for most of Monday, but a reversal at the end of trading caused the index to close up by two-tenths of a percent and notch its fifth consecutive positive session.

* VNM (+2.2%) was the day’s top contributing gainer and has climbed 7.8% over the last four trading days. 

* Industrial real estate players GVR (+3.2%) and KBC (+3.4%) increased. 

* Retailer MWG (+3.4%) has finished higher in five out of the last six sessions. 

* Banks TCB (+1.2%) and ACB (+1.6%) advanced.

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