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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-   Market wrap: Real estate stocks climb; bank tickers continue to slip