VCSC Daily - Stocks advance amid bank rally – DHG, MBB

Market Commentary

21 Aug 2018

Market wrap: Stocks advance amid bank rally. The VN-Index opened slightly lower but rose steadily throughout the session to close at the highest level of the day, up one percent, for a fourth day of gains in a row and seven of the last eight. Banks led the move higher, with BID (+5.1%) the top contributor to the day’s gain, followed by VCB (+2.1%), CTG (+3.1%) and VPB (+2.4%). PNJ (+5.1%) extended a 40% jump over the last seven weeks as concerns over the Dong A bank case have eased.

Contact us for a research access: (+84) 2 8888 2 6868