Vietcap Daily - VN-Index rallies at end of trading, led by real estate sector - FPT, PNJ, VEA
  • 2023-06-20T00:00:00
  • Market Commentary

* FPT's 5M 2023 results: NPAT-MI surges 20% YoY with solid growth across segments in May – BUY

* PNJ’s 5M 2023 results: Retail sales continued to weaken on middle-affluent spending; NPAT declined 21% YoY in May

* VEA’s AGM: Management sets conservative targets for 2023; no progress on HOSE/HNX listing

* Thermal Power Sector Update: Thermal power to benefit from Vietnam’s power shortage

* Market wrap: VN-Index rallies at end of trading, led by real estate sector

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Market wrap: VN-Index rallies at end of trading, led by real estate sector

On Tuesday, the VN-Index rallied at the end of trading to close up by six-tenths of a percent as investors picked up shares at bargain prices following the index’s four previous negative sessions.

* GVR (+5.0%) was the day’s top contributing gainer.

* The real estate sector was strong as NVL (+3.6%), KBC (+3.6%), DXG (+5.2%), DIG (+3.1%) posted strong increases.

* Steel tickers HPG (+1.3%), HSG (+2.1%) and NKG (+3.3%) climbed.

* VCB (-1.8%) was the leading contributing laggard for the second day in a row.

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