- 2021-08-16T00:00:00
- Market Commentary
• Power Sector: Resilient electricity consumption, hydropower plants continue to outperform
• VIC registers to sell 100.5 million shares VHM to further invest in industrial segment
• VNM announces joint venture partner in the Philippines
• DPM: Robust prices strengthen profit; valuation looks full – Update
• MSN: Consumer focus paying off – Update
• SZC: Solid growth outlook; pre-funding for UA project to begin – Update
• Market wrap: Financial tickers pull VN-Index to five-week high
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Market wrap: Financial tickers pull VN-Index to five-week high
The VN-Index increased 1.0% on Monday, hitting its highest closing level since July 8 as trading turnover on HOSE surged to a one-month high of USD1.20bn.
- GVR (+6.9%) soared to the daily trading ceiling and was the top contributor to the day’s gain.
- The banking sector was strong, led by TCB (+3.4%), MBB (+4.7%), VPB (+3.1%), CTG (+2.3%), VCB (+1.0%) and BID (+1.8%). In addition, securities brokerages SSI (+5.2%), VCI (+6.8%) and HCM (+5.3%) experienced impressive gains.
- GAS (+1.3%) ended a three-session losing streak. Meanwhile, PLX (-1.5%) dropped for its fourth straight session.
- VHM (-3.3%) and its parent company VIC (-0.3%) were the day’s top two contributors among decliners.
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