Vietcap Daily - VN-Index rallied, led by banks - HDB, PTB, TV2
  • 2024-07-02T00:00:00
  • Market Commentary

* HDB announces FY2023 cash dividend payment plan

* PTB: July 12 ex-rights date for the remaining FY2023 cash dividend of VND1,000/share

* TV2: Deadline for Notice to progress EPC project for Song Hau 2 delayed to end-2024; procedural step while awaiting MoIT’s approval

* Market wrap: VN-Index rallied, led by banks

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Market wrap: VN-Index rallied, led by banks

The VN-Index surged by 1.2% on Tuesday to a 7-day high despite turnover on the HOSE remaining at a low level of VND14.0 trillion (USD548mn). Foreign investors were still net sellers on this exchange but by a smaller value compared with recent days of VND36.8 billion (USD1.4mn).  

* The banking sector was the largest contributor to the gain in the VN-Index, led by rallies from VCB +2.4%, BID +4.2%, LPB +6.1% and HDB +4.3%.  

* Real estate stocks gained, including VHM +1.2%, VIC +0.6%, KDH +2.4% and BCM +1.1% as well as materials names, including HPG +1.2%, GVR +0.9%, DGC +1.1% and HSG +1.8%.  

* The oil & gas sector performed well due to rallies from PVS +3.2%, PVD +1.2%, PLX +1.4% and OIL +6.2%.  

* FPT dropped 0.5% despite foreign investors pausing their net selling streak in this ticker and led a further correction in the technology sector. 

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