6PM Call: Data Transfer Issue Stops the Index’s Rally - Update on PGI
Many stocks hit the ceiling following rumors about good earnings result. VJC and TV2 just to name a few. The same applies for stocks that announced their earnings during the weekend such as HPG and GAS. Large caps outperformed the market today, boosting the VN-30 Index by over 2%. The decision of the State Security Commission to delay the 60% initial margin requirement to March 1st also stimulated the market. The rally only stopped due to a sudden data transfer issue of the exchange that caused disruption on stock orders and resulted in the system being unable to determine the closing price of all stocks and indexes. Prior to the disruption, VN-Index score was 1,087.42 points, a remarkably 2.4% increase compared to yesterday. The final solution has not yet to be announced.
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