6PM Call: The Market Goes Up but Its Breadth Is Quite Narrow - VNR Updates
​VNIndex (792.31 points, + 0.45%) continued its rally after the holiday season. Today’s increase was driven by VCB, GAS, VIC, VNM, and VJC, whose price rose sharply in the last two sessions after the company announced a payment of 40% stock dividend (ex-dividend date on September 25th). The market went up, but market breadth was quite narrow with 128 gainers and 146 losers. Pharmaceuticals and hydropower stocks underperformed, while rubber stocks have not reacted yet to the fact that natural rubber prices have rebounded significantly from the bottom in June. Liquidity continued to be low, with trading value on the HSX reaching only VND3,100 billion.
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