Vietcap Daily - Vingroup stocks decline, VN-Index falls - PVS, DCM, DPM, CTR, MBB
  • 2023-08-17T00:00:00
  • Market Commentary

* PVS: Preliminary 7M 2023 results in line with our expectation

* Fertilizer Producers Sector Update: Black Sea Grain Initiative termination boosting urea prices

* CTR: Raising forecasts for operation and construction segments - Update

* MBB: Strong provisioning buffer helps to ease credit costs - Update

* Market wrap: Vingroup stocks decline, VN-Index falls

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Market wrap: Vingroup stocks decline, VN-Index falls

On Thursday, the VN-Index dropped by 0.8%, driven by a decline in Vingroup stocks as investors reevaluated the recent listing of VinFast on Nasdaq. 

* All three Vingroup tickers — VIC (-4.9%), VHM (-3.0%) and VRE (-2.9%) — dropped. 

* Banks TCB (-1.7%), BID (-0.8%), VPB (-1.1%), STB (-1.7%) and MBB (-0.8%) were all among the day’s top contributing decliners. 

* Brewer SAB (-1.0%) has finished lower on six out of the last seven trading days. 

* Securities brokerage SSI (+3.8%) was the day’s top contributing gainer. 

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