Property stocks drive VN-Index up
Most property stocks ended in the green Wednesday, some even hit the ceiling, helping VN-Index closed 0.43% higher at 1,058.26 points and reached the highest since April 13.
NVL of property developer Novaland Group and PDR of Phat Dat Real Estate Development closed 2.7% and 2.2% higher, respectively, and both were among the biggest contributors to VN-Index’s gain this session.
Many other property stocks closed 1-4% higher, except for VIC of private conglomerate Vingroup and AGG of An Gia Real Estate Investment and Development, which stood unchanged.
Brokerage Dong A said in a recent note that investors can consider buying property stocks as there have been positive news on untying knots in project development.
Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 19.49% to VND11.16 trillion ($475.50 million).
