Novaland and Phat Dat shares 'turn purple' after real estate market development meeting

On February 20, the stock market skyrocketed right from the opening of trading. At the end of the session, the VN-Index added 27.38 points, equivalent to 2.58% to 1,086.69 points and the HNX-Index added 5.88 points, equivalent to an increase of 2.8% to 215.83 points. Real estate, construction, banking and securities stocks all made waves. This was also the strongest increase of the VN-Index since the beginning of 2023.

All three exchanges recorded 89 stocks increasing to the limit, of which HOSE contributed 43 stocks. The real estate sector traded optimistically from the beginning of the session when there was a lot of positive information after the Prime Minister 's meeting last weekend to develop a healthy real estate market. Many stocks increased to the limit and appeared in purple such as DTA, DRH, SCR, HQC, LDG, CEO...

Novaland and Phat Dat stocks turn purple on February 20

Even the two stocks NVL of Novaland and PDR of Phat Dat, which are in the VN30 basket on the HOSE, were sold off and hit the floor many sessions in the past week, but now they have both hit the ceiling. NVL code at the end of the session had nearly 2 million units remaining for buying at the ceiling price while PDR had more than 800,000 units remaining for buying.

The two credit packages with a total capital of up to 330,000 billion VND for social housing and commercial housing proposed and about to be launched on the market are expected to help the real estate market "warm up", creating conditions for low-income people to have a place to live. This also helps construction and banking stocks attract investors. Green spread widely in most banking stocks such as BID, STB, ACB, SHB , VPB, TPB...

In response, stock codes also recorded a breakthrough in both price and trading volume such as SSI, VND, HCM reaching nearly the ceiling; SHS, VIG increasing by more than 8 - 9%... The increase in stock prices also led to higher market liquidity. In total, the two listed floors had more than 13,000 billion VND traded, an increase of more than 40% compared to the end of last week.

Right after the session of high increase, many stock brokers said that the market is showing positive signs of increase as the cash flow has increased. The risk of VN-Index falling back below 1,000 points is unlikely to happen.

Source: https://thanhnien.vn/co-phieu-novanland-phat-dat-tim-lim-sau-cuoc-hop-phat-trien-thi-truong-bat-dong-san-185230220161042303.htm