- 2024-06-26T00:00:00
- Market Commentary
* LPB: Postponement of the rights issuance plan in 2024
* BVH: Maintaining top life premium market share; expecting new progress in capital raising plan – AGM Note
* Market wrap: VN-Index inched up with mixed performance by sector
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Market wrap: VN-Index inched up with mixed performance by sector
The VN-Index recovered from its late morning and early afternoon’s losses and closed with a 0.37% gain. Stocks on the HOSE showed mixed performance with total turnover of USD816mn. Foreign investors remained net sellers on this exchange by USD23.4mn (VND597bn).
* The materials sector led the gain in the VN-Index due to rallies from GVR +7%, HPG +0.7%, ACG +6.5% and DCM +1.5%, followed by the recovery of technology stocks FPT +1.4% and CMG +1.7%.
* Utilities stocks performed well with gains from PPC +7%, POW +2%, BWE +4.2% and GAS +0.3%.
* Midcap names in consumer sector rallied, including DBC +3.7%, DRC +7% and TLG +4.4%.
* Real estate stocks traded mixed as VHM -0.8%, VRE -2.3% and DIG -1.5% declined but BCM +4.8%, IJC +2.7% and HDG +1.2% increased.
* The financial sector underperformed the VN-Index as banks such as VCB -0.4%, CTG -0.9% and MBB -0.4% and financial services stocks such as EVF -3.2% and SSI -0.4% dropped.
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