VCSC Daily - VN-Index jumps as financials snap back - CII, PPC

Market Commentary

14 Dec 2016

Stocks ate back two days of losses and then some as the index saw its biggest one-day gain in four months. Financials (+1.9%), which had been beaten up this month, led the rally as bottom fishers eyed banks such as BID (+6.3%), which bounced off a 23-month low. Meanwhile, SAB (+7.0%) extended its streak of reaching its trading ceiling to seven days and is up 80% since its initial listing last week. On Wednesday, the brewer leapfrogged VCB and GAS to become Vietnam's second-largest traded company

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