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VCSC Daily - Vingroup, real estate sector boost VN-Index - PMI - PNJ, PPC, VJC

Market Commentary

01 Aug 2019

Unlike most other Asian markets that fell on Thursday following the Fed’s first interest rate cut in more than 10 years, the VN-Index gained six tenths of a percent. The real estate sector had a particularly strong day. VIC (+2.0%) and its subsidiary VHM (+2.6%) were the top two contributors to the day’s gain. Other real estate gainers included NVL (+2.6%), KDH (+3.1%), NLG (+2.1%), KBC (+2.4%) and DXG (+1.7%). TLG (+7.0%) surged again and is up more than 25% so far this week.

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