VCSC Daily - Bank tickers surge, leading VN-Index to new all-time high

* PHR announces to pay remaining FY2020 remaining cash dividend, FY2021 interim cash dividend of total VND4,500 per share

* PNJ to pay third tranche of FY2020 cash dividend of VND600/share (0.6% yield)

* DGW: Strong growth momentum across categories - Update

* DRC: Expecting steady recovery from Q3 2021 low - Update

* PVS: Expecting M&C recovery in 2022F; valuation looks fair - Update

* VPB: Lower COF in 2022 despite higher forecast deposit rates - Update

* Market wrap: Bank tickers surge, leading VN-Index to new all-time high

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Market wrap: Bank tickers surge, leading VN-Index to new all-time high

On Wednesday, the VN-Index jumped 1.7% and hit a new all-time high of 1,488.87 as investors poured money into bank tickers due to the potential of increased credit growth limits for some banks.

* The banking sector surged with six tickers hitting the daily trading ceiling: MBB (+6.9%), VIB (+6.9%), STB (+6.8%), SSB (+6.9%), OCB (+7.0%) and EIB (+6.9%). In addition, VCB (+5.7%), TCB (+5.5%), CTG (+3.8%), BID (+3.0%), VPB (+2.9%) and ACB (+4.1%) posted robust gains.

* Vingroup subsidiaries VHM (+1.4%) and VRE (+3.1%) increased, but parent company VIC (-0.7%) edged down.

* Steelmakers HPG (-1.8%) and HSG (-2.9%) both snapped two-session winning streaks.

* GAS (-1.5%) has dropped in four out of the last five trading sessions.