- 2024-11-26T00:00:00
- Market Commentary
* Urea sector: National Assembly approves 5% VAT on fertilizers, broadly in line with our expectations
* BSR: Declining oil price pressures BSR’s NPAT-MI, share price - Update
* VIC, VHM, VRE: VIC's continuing funding needs for 2025-26F to be supported by Chairman's grants - Update
* Market wrap: VN-Index gains 0.6%, banks lead growth
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Market wrap: VN-Index gains 0.6%, banks lead growth
The VN-Index gained 0.6% (+7.4 pts) on Tuesday to close the trading day at 1,242.1. The index’s rise was led by the banks sector. Throughout the index, there were 290 gainers, 101 laggards, and 67 stocks that were unchanged. Total trading volume increased compared to the previous trading day to USD523.3mn.
* Five of the top-ten stocks positively contributing to the index were banks. These were VCB (+1.2%), BID (+1.5%), CTG (+0.6%), HDB (+1.4%), and MBB (+0.6%). VPB was unchanged and there were no large-cap decliners in the sector.
* Consumer goods also helped lift the market, as VNM (+0.8%), SAB (+1.1%), MSN (+0.7%), and VCF (+4.8%) gained.
* The financial services sector performed well, with VND (+1.1%), HCM (+1.6%), VIX (+2.8%), and FTS (+1.3%) surging.
* Other notable gainers included real estate companies KDH (+1.2%) and KBC (+1.8%), rubber producer GVR (+1.3%), tech company FPT (+0.9%), and retailer MWG (+1.7%).
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