PYN Elite NAV dropped 0.19% in August as our banks retreated after a rally of 43% in the first 7M2021. VN Index advanced 1.64% MoM, supported by GVR, HPG, VJC. After VN Index approached the 1,380 level, the market witnessed…
The Vietnamese stock market has once again taken a few steps back due to news of Covid-19. In about a week, the VN Index has declined five percent. Investors have been frightened because of the increased infections numbers and the…
The situation with Covid-19 has taken a turn for the worse in Vietnam. The local government of Ho Chi Minh City made a drastic decision: the city was closed, and a two-week curfew took place. Army units were brought into…
COVID resurgence caused the VN index to correct by -7% in July, and PYN Elite dipped by -5.5%. VN Index still gained +18.7% YTD, being the 2nd best performing index in Asia, topped only by Mongolia which enjoyed a commodity…
PYN Fund Management’s emails and www.pyn.fi website had a technical failure between 1 AM and 9 AM on Tuesday. Emails sent to PYN Fund Management at that time may not have arrived. If you had any difficulty contacting us, or…
Vietnam is being hit hard by the fourth wave of the Covid epidemic. The infection rate has been on the rise since April, and the number of new cases per day has now exceeded 5,000. Until lately, the stock market…
Vietnam’s rapidly rising Covid-19 numbers caused a strong sell-off at the very end of the trading day on Tuesday, with the VN Index dropping about four percent in less than half an hour. Local investors were nervous about the news…
PYN Elite NAV gained 6.1% in June, in line with VN Index, supported by VHM, MBB, VEA and VRE. Despite the rising number of new Covid-19 cases, VN Index surpassed the 1,400 level with average daily turnover reaching $1.1 bn.…
In this investor letter we are trying to illustrate with few key data series our views of the outlook for Vietnamese stocks and PYN Elite Fund. We hope you will find these charts and tables useful to deepen your understanding,…
PYN Elite rose strongly (+9.9%) in May supported by all our banks (+30% May and +50% YTD on average) and VN Diamond (+12% May, +42% YTD). VN index also went up by 7.2% on the banking sector rally. Last year…