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VCSC Daily - Vingroup tickers surge, leading VN-Index to two-week high - QNS, STK, VJC

Market Commentary

06 May 2020

The VN-Index surged 2.4% on Wednesday, hitting a two-week high, after Vietnam’s Prime Minister stated that the Government targets 5% GDP growth in 2020. Trading value on HOSE surged to USD272.2mn from only USD145.8mn on Tuesday. In addition, the VN30 Index climbed 2.1% with 28 of its 30 components experiencing gains. Vingroup tickers dominated the day as VHM (+5.3%), VIC (+2.5%) and VRE (+6.2%) all jumped. GAS (+4.7%) has advanced more than 9% over the last four sessions.

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