Vietcap Daily - VN-Index breaks declining streak, advances 1.0%

* MWG completes capital raising of BHX Investment Company (BHX)

* Market wrap: VN-Index breaks declining streak, advances 1.0%

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Market wrap: VN-Index breaks declining streak, advances 1.0%

After four consecutive trading days of losses, the VN-Index advanced 1.0% (+12.5 pts) on Tuesday to close the afternoon session at 1,262.8. Throughout the market, there were 332 gainers, 137 laggards, and 71 stocks that were unchanged. Total trading volume decreased to USD685.0mn.

* Among banks, there were only two large-cap decliners in VCB (-0.6%) and VPB (-0.3%). BID (+3.7%), CTG (+2.2%), LPB (+6.9%), and MBB (+2.1%) posted strong gains.

* The financial services sector had a strong performance as SSI (+2.2%), VND (+2.8%), VCI (+3.8%), HCM (+2.9%), and FTS (+4.4%) surged.

* Other large-cap gainers included real estate companies VHM (+0.5%) and VRE (+2.5%), food & beverage conglomerate MSN (+2.2%), rubber producer GVR (+1.9%), steel maker HPG (+1.01%), airline VJC (+1.1%), and retailer MWG (+5.6%).

* Some noteworthy laggards in the index were beer maker SAB (-0.5%), telecommunication infrastructure construction company CTR (-1.7%), power company PGV (-0.9%), retailer FRT (-2.03%), and airline HVN (-0.9%).