Market: Surge of leading stocks in good outlook sectors
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Investors showed interests in stocks closing at their ceiling prices. VNIndex just rallied strongly in late of the afternoon session to move higher to 625.43 pts than yesterday closed price. While many investors showed their boring sentiments with market movements, some stocks attracted investors’ interests by ending at ceiling prices, such as: MWG, CTI, VNE, HAR, FMC, MDG, TRA, SMC. Among them, MWG experienced strong buying demand in ATC session which pushed this stock to close at the ceiling price of VND100,000 per share. Currently, this stock price is higher than our estimate on its reasonable value of VND93,000/share. However, our estimate has not yet accounted for their new business plans, especially the new retailing chain of BachhoaXanh. Meanwhile, traders may have betted the success of this plan and accepted the higher price for MWG.
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