VCSC Daily - Large caps weigh heavily on VN-Index - BWE, HDG, NKG, PVD
  • 2021-08-26T00:00:00
  • Market Commentary

• BWE achieves solid 7M 2021 preliminary results

• Vietnam Strategy Update: Look beyond lockdown

• HDG: Updated project pipeline to fuel further re-rating – Update 

• NKG: Strong 2021 amid elevated steel prices; valuation is full – Update

• PVD: Jack-up rates under pressure; TAD faces slight delay – Update

• Market wrap: Large caps weigh heavily on VN-Index

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Market wrap: Large caps weigh heavily on VN-Index 

After climbing on Thursday morning, the VN-Index dropped in the afternoon to close down by six tenths of a percent as blue-chip stocks held down the index. The large-cap VN30 Index decreased 1.1% with 24 of its 30 components falling. 

  • VIC (-1.6%) declined for its fifth straight session and was the top contributor to the day’s loss. 
  • The banking sector was down, led by CTG (-2.9%), BID (-2.1%), TCB (-1.7%) and MBB (-1.7%). 
  • Real estate stocks NVL (-1.7%) and PDR (-3.8%) fell. 
  • On the positive side, REE (+6.9%) soared to the daily trading ceiling. Additionally, port operator GMD (+6.5%) has jumped 8.6% in the last two days. 

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