Vietcap Daily - Vingroup stocks drag down VN-Index - BVH, MSN, STB, SJS
  • 2023-09-08T00:00:00
  • Market Commentary

* BVH: Growth disappoints; rate cuts to hit investment returns - Update
* MSN: WCM to resume robust sales and earnings growth after 2023 - Update
* STB: Raising credit cost forecasts on higher NPL formation - Update
* SJS: Project development to accelerate post-SOE divestment - Visit Note
* Market wrap: Vingroup stocks drag down VN-Index

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Market wrap: Vingroup stocks drag down VN-Index

The VN-Index inched down by a tenth of a percent on Friday as selling pressure at the end of the trading pulled the index below its reference level. For the week, the VN-Index gained 1.4%. 

* All three Vingroup tickers decreased: VIC (-2.8%), VHM (-2.0%) and VRE (-2.3%). 

* Banks BID (-0.7%), CTG (-1.1%), TCB (-1.1%), MBB (-1.0%), STB (-1.5%) and ACB (-0.6%) were among the day’s top contributing laggards. 

* GAS (-0.7%) snapped a run of three straight positive sessions. 

* Fertilizer producers DCM (+6.9%) and DPM (+6.9%) surged to the daily trading ceiling following news that China requested some urea producers to suspend urea exports, according to Bloomberg.  

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