VCSC Daily - 2-day losing streak snapped– Hanoi & HCMC CPI down – Trade Deficit – DHG 1Q
Stocks snap 2-day losing streak on expectations of flat April CPI. Following Hanoi’s lead, HCMC also announced a negative m-o-m CPI print for April at 0.33%, which will likely lead to a flat CPI number for the country. With the VNI advancing 1.1% to close at 473.69, it seems investors are betting that with inflation again subdued, the State Bank of Vietnam will consider another round of rate cuts. VNM, GAS and VCB helped lead the rally, contributing over 3 points to the VNI.