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VCSC Daily - Stocks stage late rally sparked by HPG - HPG, MBB

Market Commentary

11 Oct 2016

The VN-Index traded in the green for most of the morning session but lost momentum and, falling to below 670, looked headed for its familiar afternoon swoon when at about 1:45 pm the market sharply reversed, surging 2% over the rest of the day to close at the high of the session, up 8.17 points, or 1.2%, to 682.36. The shift in sentiment was fueled by better-than-expected 9M revenue and NPAT announced by HPG (+6.9), which also helped lift fellow steelmakers HSG (+4.9%) and NKG (+3.2%)

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