- 2024-12-05T00:00:00
- Market Commentary
* 11M 2024 disbursed FDI hits highest level since 2012
* Market wrap: VN-Index surges 2.2% on Thursday
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Market wrap: VN-Index surges 2.2% on Thursday
On Thursday, the VN-Index surged 2.2% (+27.1 pts) to close the trading day at 1,267.5. Vietnam's market saw a strong gain following FTSE's positive feedback on recent regulatory reforms, notably the removal of the non-prefunding requirement, as highlighted at today's Bloomberg Businessweek event. Throughout the index, the number of gainers (347) far outpaced the laggards (55), while 50 stocks were unchanged. Total trading volume jumped compared to the previous trading day to USD827.0mn.
* The financial services sector was particularly strong, as SSI (+6.9%), VCI (+6.9%), HCM (+6.8%), VIX (+6.6%), FTS (+6.9%), and BSI (+6.9%) all gained more than 6%.
* CTG (+3.1%), TCB (+3.2%), BID (+1.9%), VPB (+2.6%), and MBB (+2.9%) led the banks sector and were among the top-ten contributors to the index.
* In real estate, VHM (+3.2%), VIC (+2.1%), BCM (+4.3%), VRE (+3.2%), and PDR (+6.9%) sharply rose.
* Surging stocks from other sectors included steel maker HPG (+4.3%), tech company FPT (+3.5%), retailer MWG (+4.9%), rubber producer GVR (+3.3%), and milk producer VNM (+1.6%).
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