Vietcap Daily - Banks drop, VN-Index ends streak of five positive sessions - DHC, POW, VIB
  • 2023-06-08T00:00:00
  • Market Commentary

* DHC's 2023 AGM documents: NPAT target implies no recovery from Q1

* POW: 5M 2023 sales volume in line with our expectation; gas-fired power plants ran on oil due to gas shortage

* VIB finalizes record date for stock dividend of 20%

* Market wrap: Banks drop, VN-Index ends streak of five positive sessions

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Market wrap: Banks drop, VN-Index ends streak of five positive sessions

The VN-Index dropped seven-tenths of a percent on Thursday, ending a streak of five straight positive sessions as the poor performance of the banking sector weighed on the overall market. 

* Bank tickers BID (-1.5%), TCB (-2.6%), VPB (-2.0%), CTG (-1.2%), MBB (-1.7%) and VIB (-3.2%) were among the day’s top contributing decliners. On the other hand, VCB (+3.1%) was an exception as it jumped to a 52-week high. 

* GVR (-3.0%) decreased for the second day in a row. 

* MWG (-2.7%) posted its first negative session since May 31.

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