6PM Call: Two “V†Stocks Lift VNIndex Above 900 Points - Update on market
In today’s session, while the stocks in the divestment list of SCIC initiated the uptrend last week, it was the turn of the two “V’ stocks, VIC and VRE, to push the VNIndex over 900 points. As these two stocks hit their ceiling, VRE ranked 6th among the largest-cap stocks in the market while VIC remained as the second biggest one. Total market value of this couple has reached nearly USD13 billion. Not only VIC and VRE but also VNM, GAS, VCB and PLX are being named in the list of today’s increasing large-cap stocks. Considering that the market is backed up by an excessive amount of leading blue chips, today’s 900 points will not likely be the highest level, unless all of them simultaneously decrease in the following days. It is now the time for RongViet Research to reconsider the P/E level of the market in today’s AP.
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