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.…
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…
PYN Elite NAV edged up 0.65% supported by VN Diamond (+10% MoM), MBB (+8% MoM) and HDB (+3% MoM). VN Index gained 4% led by NVL (+63% MoM), VIC (+11% MoM), HPG (+24% MoM). Among our top holdings, VEA dropped…
In March, PYN Elite gained 1.4% supported by CTG, VCI and HDB. VN Index gained 2.0% helped by VIC and banking stocks. The Index held up well supported by local investors buying as bank deposits become less appealing with lower…
Vietnam’s stock market recovered well from the January correction. VN-Index increased 10.6% MoM thanks to VIC (9.7% MoM), VHM (8.7% MoM) and TCB (22.7% MoM) while PYN Elite’s NAV was up 9.6% MoM because of CTG (22.1% MoM), MBB (17.9%…
Vietnam’s stock market had a turbulent month in January when VN Index tumbled -4.28%, after a long rally that brought the Index up close to the peak of 1,200 points. The profit-taking was magnified by panic over margin calls and…
VN index finished an unforgettable year with +14.9% in 2020, higher than most markets except the US. (Nasdaq +44%, S&P 500 +16%, MSCI ex-Japan +13%, Europe STOXX 600 +12%, Helsinki +8%, Thailand -9%). The good performance of Vietnam was underpinned…
VN Index increased 8.4% in November, +4.4% YTD while PYN Elite’s NAV rose 11.0% in November and +15.9% YTD thanks to TPB (+19.5% MoM), VEA (+14.7% MoM) and CTG (+15.5% MoM). PYN stock of the month – VEA VEA is…
VNIndex + 2.2% in Oct, – 3.7% YTD, while PYN +2.0% in Oct and +4.4% YTD. The index had a strong rally for the first three weeks of October as large cap stocks surged, driven by investors’ anticipation of the…
VN Index +2.7% in Sep, -5.8% YTD; while PYN Elite +4.9% in Sep, and +2.4% YTD. The fund’s outperformance was attribut-ed to overweight on banks: the 7 bank stocks in our portfolio on average rose 12% MoM and 24% YTD.…