VCSC Daily - 3Q earnings - some hits, some misses

Market Commentary

15 Nov 2012

VCB pare losses for VNI; Banks continue to pressure HNI. The VNI slid 0.2% to 386.9 and the HNI dipped 1.2% to 51.7. Vinamilk (VNM) was the most active stock on the HSX with VND22bn traded but had no impact on the VNI as the stock closed unchanged after announcing a 2-for-1 stock bonus. Shares of Vietcombank (VCB) was the second most active with VND15bn traded. However, VCB advanced 2.5% and was the single largest contributor (+0.9 points) to the VNI.

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