PYN Elite up 5.2% in July
Lan Nguyen
08.08.2023
VN Index soared 9.2% in July and crossed 1200 points for the first time since Sep-22, driven by the broad-based rallies of various sectors. PYN Elite +5.2% MoM, led by
VN Index soared 9.2% in July and crossed 1200 points for the first time since Sep-22, driven by the broad-based rallies of various sectors. PYN Elite +5.2% MoM, led by
The NAV of PYN Elite has shown positive performance during the current year. The year 2023 began with a NAV value of 395 and the latest figure has exceeded 443.
June passed with numerous events. The reduction of value-added tax (VAT) by 2 percentage points, a 50% lower car registration fee and a new 90-day visa policy were passed to
Maggie Yi of the PYN Elite portfolio team was interviewed by Antti Järvenpää from Inderes. The discussed topics were among others the market sentiment, the banks in the PYN Elite
Several of PYN Elite’s top holdings companies reported very strong earnings for the first quarter, in spite of earnings growth in the stock market being generally subdued. The mall operator
VN-Index +2.5% driven by a broad sector recovery. Notably, the small-cap companies outperformed the large-caps, with VN Small-cap Index +9.7%, VN Mid-cap +4.3% while VN30 Index only inched up +1.4%.