PYN Elite up 6.8% in January
Lan Nguyen
07.02.2024
Vietnam market had a strong start to 2024 with VN-Index +3.0% in Jan. PYN Elite +6.8% MoM, driven by the stellar rallies of ACV and the banking stocks. Our 6
Vietnam market had a strong start to 2024 with VN-Index +3.0% in Jan. PYN Elite +6.8% MoM, driven by the stellar rallies of ACV and the banking stocks. Our 6
VN-Index and PYN Elite both gained +3.3% in December, led by brokerage, retail and banks. The long-awaited new trading system – KRX launch isexpected in the first half of 2024. All-year
In November, the VN-Index bounced back by +6.4% from the previous month’s sell-off, propelled by the broker, real estate, and oil & gas recovery. PYN Elite rose by +5.7%, with
Vietnam’s stock market index is still struggling around the thousand points level. Daily events take the index up and down in very short cycles. In Vietnam, the slowdown in economic
VN-Index -10.9% in October, the strongest decline since Sep-2022. PYN Elite was in line at -10.5% MoM. The market became more jittery as VND depreciated 3.7% against USD in 3
The VN-Index down -5.7% in September. PYN Elite -7.4%, an extra hit from VND weakness. After the Independence holiday, the market reacted positively to the US-Vietnam comprehensive strategic partnership upgrade