VCSC Daily - Stocks jump to five-month high - BVH, FRT, PNJ, VNM

Market Commentary

12 Mar 2019

The VN-Index surged on Tuesday by 1.7% to break above 1,000 for the first time since October 5. VCB (+3.5%) was the top contributor to the day’s big gain as other banks also outperformed, including BID (+5.5%), CTG (+4.7%), TCB (+1.9%) and MBB (+3.4%). FPT (+4.5%) hit a nine-month high. Last week, the company announced a new CEO. PPC (+6.9%) soared to an 11-year high ahead of an 8.4% increase in retail electricity prices starting April 1.

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