PYN Elite down 1.6% in May
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…
Monthly Reviews
PYN Elite down 10.2% in April
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,…
PYN Elite down 1.5% in March
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.…
PYN Elite down 2.85% in February
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 up 2.7% in January
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…
PYN Elite up 4.8% in December
Vietnam finished 2021 as one of the top-performing markets globally with VN-Index +1.3% in Dec and +35.7% YTD. PYN Elite outperformed, with NAV +4.8% MoM and +42.7% YTD. This month, we have fully locked in 438% gain from our CEO…
PYN Elite up 7,3% in November
VN Index +2.4% in November. PYN Elite (+7.3%) outperformed the index this month driven by CEO (229,3%). The real estate sector is rallying this year, on both strong housing demand and revaluation of landbank. CEO especially caught market attention, thanks…
PYN Elite up 6.8% in October
PYN Elite NAV +6.8% in October, supported by gains in NLG, VHM and TPB. The VN Index rallied past 1,400 to reach a new ATH of 1,444, making Vietnam one of the best-performing markets globally with gains of +7.6% MoM…
PYN Elite up 2.1% in September
VN Index +0.8% in September, and PYN Elite +2.1% supported by TPB (+22%). All eyes were on Vietnam’s fast vaccination progress: 70% of HCMC population are fully vaccinated (cf. only single-digit a month ago). And the whole country’s vaccination rate…
PYN Elite down 0.2% in August
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…