Vietcap Daily - Real estate stocks tumble, VN-Index falls for first time since July 6 - PVT, FPT, NT2, PPC, PTB, STK, SZC
  • 2023-07-19T00:00:00
  • Market Commentary

* PVT acquires oil product/chemical tanker
* FPT: Global IT segment drives 21% YoY growth in H1 2023 NPAT-MI – Earnings Flash
* NT2: Weak H1 2023 results — in line with our expectation - Earnings Flash
* PPC: Dividend income drives H1 2023 earnings – Earnings Flash
* PTB: Q2 2023 earnings recover; conservative Q3 2023 guidance - Earnings Flash
* STK: Earnings begin to recover - Earnings Flash
* SZC: Strong IP land sales recognition in Q2 2023 – Earnings Flash
* Market wrap: Real estate stocks tumble, VN-Index falls for first time since July 6
 

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Market wrap: Real estate stocks tumble, VN-Index falls for first time since July 6 

The VN-Index dropped at the end of trading on Wednesday, closing down by a tenth of a percent as the performance of the real estate sector weighed on the overall market. The day’s loss ends a run of eight consecutive positive sessions dating back to July 6.  

* VIC (-1.1%) was the top contributor to the day’s loss. Additionally, Vingroup subsidiary VRE (-1.2%) fell for the second straight day.  

* Several other real estate tickers declined, including NVL (-2.3%), DXG (-4.0%), DXS (-6.0%), PDR (-2.3%) and DIG (-1.7%).  

* Banks were mixed as BID (-1.0%) and MBB (-1.1%) dropped, but VCB (+2.1%) and HDB (+2.4%) were among the day’s leading contributing gainers.  

* DHG (+6.9%), BMP (+6.9%) and PPC (+6.8%) all hit the daily trading ceiling.

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