VCSC Daily - BVH profit-taking, Masan update
Our view: Another relatively quiet trading day. We saw the indices muddle through the session on very low volumes (41 million shares combined). The VNI edged up 0.35% to close at 391.77 with some help from GAS (+2.5%) and VNM (+2.7%). Conversely, we notice heavy-profit taking on BVH – stock of the insurance giant has jumped 38% from a 52-week low of VND25,000 to VND34,600 at the close last Friday. BVH closed at VND31,300 on Tuesday, after trading at the lower band for the second day in a row.