Monthly Reviews

PYN EIite up 12.8% in August 

PYN EIite up 12.8% in August Vietnam stock market recovered well in August, VN Index was up 10.4% thanks to VCB (+8.6%), VNM (+13.1%) and BID (+11.7%). PYN Elite’s NAV increased 12.8% because of CTG (+21.2%), HDB (+18.4%) and MWG…

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July 2020

In July, VNIndex went down 3.24% due to 1) The anticipation of 2Q’s poor earnings results and 2) The outbreak of Covid-19 in Danang in late July. VCB, VNM and VJC lost traction the most and trading liquidity decreased sharply…

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June 2020

VN INDEX declined -4.6% in the month, driven by large cap such as VIC (-8%) and VCB. PYN Elite is almost flat at -0.5% in the month. Liquidity was strong in 2Q2020 with average daily trading value at $278m (+51%…

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May 2020

Vietnam stock market continued to recover in May, VN Index was up 12.4% thanks to VCB (+25.3%), VHM (+20.4%) and VNM (+16.2%) while PYN Elite’s NAV increased 7.9% because of VEA (+ 5.8%), TPB (18.7%) and HDB (+17.2%). More than…

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April 2020

The negative impact of Covid-19 deepened in April and as a consequence, many governments worldwide were forced to either lock down their countries or utilize tough social distancing. In the grey picture, Vietnam stood out as a bright spot with…

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March 2020

March was a complete knock out: oil prices collapse, stock markets faced panic and forced selling with volatility unseen before, central banks took immediate action. S&P 500 dropped -20% YTD, and -13% in March. Indices in Japan, Korea and HK…

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February 2020

February was a turbulent period for global stock markets when more cases of people infected with the Coronavirus were reported in Korea, Italy and other regions. VN Index declined 5.8%, caused by VIC (-8.2%), SAB (-22.2%) and BID (-11.7%) while…

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January 2020

In January, the market was struck by the outbreak of Wuhan coronavirus and declined sharply 2.5% MoM while PYN Elite NAV retreated 0.9% MoM. Noticeably, PYN Elite NAV had recorded a strong gain of 4.3% during the first 3 weeks…

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December 2019

VN Index declined 1% in December, while PYN Elite stayed rather flat -0.1%. Some observations on market: Banks deliver strong results: Following September review in which we described banks’ strong bargaining power on bancassurance contract, TPB in November announced a…

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November 2019

The market experienced a difficult month in November, VN-Index declined 2.8% MoM because of SAB (-13.2% MoM), VNM (-6.5% MoM) and VIC (-2.8% MoM) while PYN Elite’s NAV declined 2.0% MoM because of MWG (-12.5% MoM), HDB (-10.0% MoM) and…

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