VCSC Daily - Stocks rally. Remittances strong.
Our view: Positive sentiment carried over from last Friday. The VNI gained 1.4% to close at 393.5 lifted by VNM, VIC, and VCB. More 3Q earnings are starting to trickle out. PHR advanced 2.6% even though the company’s pretax profit in the quarter dropped 54% YoY. The HNI closed 1.6% higher at 55.2. Liquidity continue to improve, up 27% to VND704 billion on both bourses combined.