The VN-Index rose by 0.43% to 1191.44 in the last trading session of March. For the whole of Q1 2021, the index rose by 7.9%. Consumer giants MSN (+4.5%) and SAB (+2.9%) rallied and were the top contributors to the gain in the VN-Index. We have raised our target price (TP) for MSN by 16% to VND121,600 in an update report published today. VIC (+0.4%) and its listed subsidiaries VHM (+1%) and VRE (+0.3%) increased, out-performing peers in the real estate sector, such as KBC (-1.2%), DXG