VCSC Daily - Stocks flat; VIC and VHM rise - VIC, SCS, TCB, VNM, GMD

Market Commentary

16 May 2019

The VN-Index increased for a fifth consecutive session, but just barely, closing up a mere one hundredth of a percent. VIC (+1.4%) was the top contributor to the day’s tiny gain amid news that South Korean conglomerate SK Group has agreed to buy a 6.0% stake in Vingroup for USD1bn (see note above). VIC subsidiary VHM (+1.2%) also gained. On the negative side, SAB (-3.2%) dropped and POW (-1.9%) snapped its streak of four straight positive sessions.

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