Vietcap Daily - VN-Index rebounds, led by VIC - DPM, MWG, VHC, VIC, BWE, TDM, HDC
  • 2023-08-11T00:00:00
  • Market Commentary

* DPM to pay remaining VND3,000/share of 2022 cash dividend on August 31
* MWG Analyst Meeting: Conservative near-term outlook but more confident in BHX’s breakeven target
* VIC: VinFast expects to be traded on Nasdaq starting from August 15
* VHC: Sales improve MoM in July 2023
* Water Sector Update - Consolidating Biwase Long An to bolster long-term growth
* HDC: The Light City – Phase 1, Ngoc Tuoc 2 to drive 2023 revenue – Visit Note
* Market wrap: VN-Index rebounds, led by VIC

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Market wrap: VN-Index rebounds, led by VIC  

Following a morning decline, strong bottom-fishing demand caused the VN-Index to rally on Friday afternoon, ultimately concluding the day with a gain of nine-tenths of a percent. For the week, the VN-Index increased by half of a percent.  

* VIC (+6.9%) surged to the daily trading ceiling following news that its electric vehicle company VinFast expects to start trading on the Nasdaq next week.  

* Banks VCB (+2.1%), STB (+4.3%) and CTG (+1.4%) increased.  

* MSN (+1.8%) rebounded after dropping 6.9% over the previous two days.  

* MWG (+2.5%) ended a run of three straight negative sessions.

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