- 2024-06-03T00:00:00
- Market Commentary
* Energy Sector: OPEC+ extends major oil output cuts to meet global demand: agreement sustains respective 5.7%/3.7% reductions through end-Q3 2024 & end-2025
* IDC: Tan Phuoc 1 IP receives investment approval
* PVS: PVS signs EPCIC contract for LDV-A in Yellow Camel Project, confirming our forecast
* VNM: Margin improvement to continue in medium-term - Update
* Market wrap: VN-Index surges 1.5% on Monday
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Market wrap: VN-Index surges 1.5% on Monday
The VN-Index surged 1.5% (+18.3 pts) on Monday to close the trading day at 1,280. All members of the large-cap VN30 group advanced except for rubber producer GVR (-0.4%). The banks sector led the index’s gain. Throughout the index, there were 367 gainers, 96 laggards, and 44 stocks that were unchanged. Total trading volume jumped to USD1.0bn.
* Banks VCB (+1.2%), MBB (+3.9%), CTG (+2.2%), STB (+6.8%), VPB (+1.7%), and HDB (+3.2%) were six of the top ten stocks contributing to the index rising.
* In real estate, VIC (+0.9%) and VHM (+1.2%) gained while VRE (+2.5%), BCM (+3.6%), KDH (+4.97%), NVL (+3.5%), and PDR (+3.2%) sharply increased.
* Consumer goods was another strong-performing sector, as milk producer VNM (+1.1%), food & beverage conglomerate MSN (+1.4%), beer maker SAB (+1.9%), fruit farmer HAG (+3.5%), and fish exporter VHC (+0.8%) saw their share prices increase.
* Other notable gainers were steel maker HPG (+1.4%), technology company FPT (+1.7%), airlines HVN (+4.7%) and VJC (+1.5%), utility company POW (+6.8%), oil & gas company PLX (+1.2%), and securities company SSI (+2.0%).
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