Vietcap Daily - VN-Index gains 0.9%

* PVD: Slower day rate recovery outlook due to lower oil prices - Update
* Market wrap: VN-Index gains 0.9%

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Market wrap: VN-Index gains 0.9%

The VN-Index gained 0.9% (+11.4 pts) on Wednesday to close the trading day at 1,216.5. The index’s gain comes after four consecutive trading days of losses. Large-cap stocks led the way as only two members of the VN30 group declined. Throughout the index, there were 250 gainers, 148 laggards, and 57 stocks that were unchanged. Total trading volume jumped compared to the previous trading day to USD700.2mn.

* In the banks sector, VCB (+0.3%), BID (+0.9%), CTG (+1.9%), TCB (+2.0%), VPB (+1.1%), and MBB (+1.7%) gained. HDB was unchanged and there were no large-cap decliners.

* Real estate saw several surging stocks, including VHM (+2.6%), BCM (+2.7%), KDH (+1.7%), NVL (+4.7%), and PDR (+3.9%). VIC and VRE were unchanged.

* Tech company FPT (+1.9%), airline HVN (+3.2%), and rubber producer GVR (+1.3%) were the top contributors to the index’s rise from other sectors.

* Some of the notable laggards in the market included retailer MWG (-1.2%), logistics companies VTP (-4.9%) and TMS (-5.7%), utility company GAS (-0.4%), and hydropower company VSH (-1.9%).