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VCSC Daily - Banks lead VN-Index higher - PC1, QNS, MSN, PVT

Market Commentary

10 May 2017

Stocks crept up about a third of a percent on Wednesday as gains in the financial sector offset profit taking in selected large caps. The index peaked above 727, within shouting distance of last month's nine-year high of 731.33, before fading in the afternoon to close below 725. The top four contributors to the market's gain today were banks, led by BID (+3.0%), CTG (+2.0%), VCB (+0.8%) and STB (+4.2%). MBB (+1.5%) jumped to a record high and is up 26% so far this year but is still well below

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