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VCSC Daily - VN-Index rises slightly, PC1 enjoys opening day surge - DPM, GTN

Stocks traded in positive territory almost the entire session, but barely so, and closed up less than one-tenth of a percent. PC1 began its first day of trading on the HOSE today, reached its ceiling price of VND43,200/share early in the day before closing at VND43,000/share, 19.4% above its reference price, with robust volume of USD1.7 million. We initiated coverage of PC1 this month with a target price of VND52,000/share.