Vietcap Daily - VN-Index advances 1.1% on back of strong gains across sectors

* FDI remains robust in February

* Energy sector: Saudi Aramco postpones oil expansion plan, shifts capex from oil to gas and chemicals

* Market wrap: VN-Index advances 1.1% on back of strong gains across sectors

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Market wrap: VN-Index advances 1.1% on back of strong gains across sectors

The VN-Index advanced 1.1% (+13.3 pts) on Tuesday to close at 1,237.5. The market’s gain was led by strong performances of large-cap stocks in various sectors, including banks, basic materials, and real estate. In total, there were far more gainers (380) than laggards (98), while a significant number of stocks were unchanged (86). Total trading volume increased to USD937.7mn.

* In banking, VCB (+1.8%), CTG (+1.4%), TCB (+1.8%), and MBB (+1.04%) ranked among the top ten stocks contributing positively during the trading day. BID (-1.1%) was the only decliner and had a pronounced negative effect on the market. HDB (0.0%) and SSB (0.0%) were unchanged.

* There were several strong performances in real estate, highlighted by VIC (+1.2%), VHM (+1.96%), VRE (+1.5%), KDH (+2.7%), and DIG (+3.4%). No stocks decreased in the sector.

* In basic materials, steel maker HPG (+5.4%) and chemical company DGC (+4.3%) surged as rubber producer GVR (+0.4%) and steel & plastics manufacturer HSG (+1.8%) gained.

* Some notable decliners were beer brewer SAB (-0.5%), technology company FPT (-0.1%), airlines VJC (-0.96%) and HVN (-0.8%), and logistics company TMS (-3.8%).