VCSC Daily - Stocks enjoy solid gains led by SAB, VNM

Market Commentary

08 Dec 2016

Taking its cue from a sharp rally in US markets overnight, the VN-Index joined regional bourses in a day of gains. VNM (+2.0%) rose after F&N announced it would seek to boost its ownership stake in the dairy firm at a public auction next week. SAB (+6.9%) hit the trading ceiling for a third day and has quickly assumed a leadership role among gainers, compensating for a faltering ROS (-4.9%), which has dropped 10% this week.

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