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VCSC Daily - VNM hits all-time high, lifting VN-Index to third day of gains - Macro - DMC

The VN-Index rose for a third day on the back of VNM, which surged to its record high. VNM jumped 2.9% today, contributing 2.4 points to the index, and is up 5.2% since announcing earlier this week that shareholders approved a plan to withdraw seven business lines, a move investors are betting will be a step toward raising the company's foreign ownership limit (FOL). VNM closed today at VND141,000/share, up 24% since January 22.