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VCSC Daily - Stocks bounce back, led by bank rally - DPM, VNM, NLG, MBB

Market Commentary

25 Jul 2017

The VN-Index had its biggest one-day jump in seven weeks on Tuesday as the market surged in the afternoon to close up one percent. Trading volume in HCMC also rebounded to USD190 million from USD132 million yesterday. Banks appeared to break out of a mini-slump of the past several weeks, led by BID (+5.7%), MBB (+6.8%), CTG (+2.9%) and STB (+5.5%). MBB and STB have reported positive H1 2017 results so far this week and there has been investor speculation that BID is planning a private plac

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