- 2021-07-26T00:00:00
- Market Commentary
Market wrap: Real estate stocks climb; bank tickers continue to slip
After spending the morning session in negative territory, the VN-Index rallied throughout Monday afternoon to close up by three tenths of a percent while trading turnover on HOSE slumped 17% from Friday’s session to USD703.2mn.
- Several real estate companies advanced. NVL (+4.4%) and VHM (+1.9%) were the top two contributors to the day’s gain. PDR (+2.1%) and NLG (+6.2%) also increased. In addition, rubber company and industrial real estate developer GVR (+4.8%) jumped.
- On the other hand, bank tickers continued to have a negative influence on the VN-Index as VPB (-3.1%), VCB (-1.0%), VIB (-2.0%), TCB (-1.0%), CTG (-3.1%) and SSB (-3.1%) were all among the day’s top contributing laggards.
- FPT (+3.5%) rose to a 52-week high.
- Food & beverage manufacturers VNM (+1.5%) and MSN (+1.8%) climbed.
- Chemical producer DGC (+4.4%) has surged nearly 24% since July 15.
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- Hanoi implements Directive 16; HCMC strengthens measures amid escalating COVID-19 cases
- FPT acquires stake in American IT services company Intertec International to bolster its nearshore capability
- PHR releases weak Q3 2021 guidance; 2021 profits expected to be skewed towards Q4
- BSR: Robust H1 2021 results thanks to rising oil prices - Earnings Flash
- FRT: Earnings surge from a low base - results in line - Earnings Flash
- HSG: High HRC prices, financial gain drive Q3 FY2021 results - Earnings Flash
- Market wrap: Real estate stocks climb; bank tickers continue to slip