- 2024-09-17T00:00:00
- Market Commentary
* Water Sector 8M results: BWE and TDM results in line with forecasts; BWE secures VND10tn credit line from Vietnam Development Bank
* CTR’s preliminary 8M 2024 results slightly trail our forecasts
* FPT's 8M 2024 results: 23% YoY growth in NPAT-MI due to continuous robust growth across key segments
* Market Wrap: VN-Index surges 1.6% as blue chips post strong gains
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Market Wrap: VN-Index surges 1.6% as blue chips post strong gains
The VN-Index surged 1.6% (+19.7 pts) on Tuesday to close the trading day at 1,258.9. Blue chip stocks led the market as all but one member of the large-cap VN30 group posted gains, including strong performances in the banks and real estate sectors. Throughout the index, there were 312 gainers, 88 laggards, and 70 stocks that were unchanged. Total trading volume slightly decreased compared to the previous trading day to USD548.2mn.
* In real estate, VHM (+5.4%) and PDR (+5.1%) jumped, and VIC (+2.02%), VRE (+2.7%), KDH (+1.7%), and BCM (+1.6%) surged. NVL (0.0%) was unchanged.
* In the banks sector, VCB (+1.8%), BID (+1.99%), TCB (+2.5%), VPB (+1.6%), and MBB (+1.5%) posted strong performances helping lift the index.
* Some of the other noteworthy gainers were milk producer VNM (+2.1%), rubber producer GVR (+2.01%), tech company FPT (+1.4%), steel maker HPG (+1.6%), food & beverage conglomerate MSN (+2.2%), and beer brewer SAB (+1.3%).
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