Report

Banking Stocks Continued to Lead the Market - HSG Update

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The Upcom welcomed six new stocks today, with a total market capitalization of around VND12,200 billion. VIB (Vietnam International Commercial) and SID (Saigon Co.op Investment Development) were responsible for drawing the most attention from investors, as VIB and SID increased by 8.8% and 38.7% during its first trading day. QNS, VGT, NVL, MCH and HVN have been unable to deliver stellar returns akin to BHN after listing recently. We think that the same scenario could occur for new stocks that list in future sessions.

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Viet Dragon Securities
Viet Dragon Securities

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