In October, the arrest of unlisted real estate (RE) developer Van Thinh Phat (VTP) Chairwoman and unlisted bank SCB’s involvement in its illegal issuance of multi-billion dollar worth of corporate bonds cast a shadow on Vietnam’s stock market. VN-Index tumbled…
VN Index -11.6% in September, dragged by blue chips. VN-30 Index, representing the 30 largest market value stocks -11.5%. The average daily trading value on HOSE fell to about $566m (-14.2% compared to August). PYN Elite NAV -13.2%. Overall, September…
VN Index +6.2% in August, lifted by VCB, BCM, and consumer stocks. PYN Elite +1,9 %, as our turnaround stocks VRE and ACV took a pause and dampened our performance. Banks gave out optimistic full-year guidances during investor briefings. Moreover,…
Vietnam’s stock market had a bumpy start to July as the VN-Index fell to a 17-month low of 1149 points on July 6th. It then started bottoming out and recovered strongly over the rest of July before closing the month…
VN-Index -7.4% in June due to weak performances of bank, brokerage, steel and real estate stocks. PYN Elite -7.9%. As of 6 months, VN-Index shed around 20%. MSCI’s All-Country World Index tumbled by 21% YTD, and Nasdaq fell 30%. HOSE’s…
VN index -5.4% in May dragged down by steelmaker HPG and banks. PYN Elite (-1.6% MoM) fared better as VHM rose 10% on a successful project launch. In May, the index plunged -14%, then recovered 10% from its low. We…
Vietnam’s continued crackdowns on bond market irregularities and stock market manipulation with several arrests have sent the VN-Index down by 8.4% in April. PYN Elite -10.2%, led by the declines of VHM, CTG, TPB and MBB. Despite the short-term damage,…
VN market (+0.14%) was peaceful compared with the world. PYN Elite dipped slightly by -1.5%. Local investors take a cautious stance toward geopolitical events and the current margin lending balance is estimated to be 20% off from its recent peak.…
Russian invasion of Ukraine in the last week of February as well as the built-up tensions before the event have created a large divergence in Vietnam’s stock market throughout the month, as witnessed in the rallies of the Energy sector (+10%)…
PYN Elite was +2.7% in January, outperformed VN Index (-1.3%), driven by VRE, MBB and CTG. Vietnam market witnessed high volatility within the month: a few speculative stocks popular among retail investors, after just having increased multiple folds in a…