- 2024-10-10T00:00:00
- Market Commentary
* Deputy Prime Minister approves Decision No. 1132/QĐ-TTG on Digital Infrastructure Strategy
* CTG announces 2024 business targets
* DHC receives investment approval for Giao Long 3 (GL3) factory
* PC1 successfully expands into the Philippine’s renewables market with Wind Power EPC Contract
* VPB, JBIC sign general agreement for green united loan of USD150mn
* Macro Update: Vietnam posts upbeat Q3 growth despite Typhoon Yagi
* Market wrap: VN-Index advances 0.4%, VN30 group divided
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Market wrap: VN-Index advances 0.4%, VN30 group divided
The VN-Index advanced 0.4% (+4.5 pts) on Thursday to close the trading day at 1,286.4. The large-cap VN30 group was evenly divided, with 14 stocks gaining and 14 declining, while rubber producer GVR and bank SSB showed no change in value. Throughout the index, there were 163 gainers, 206 laggards, and 69 stocks that were unchanged. Total trading volume increased compared to the previous trading day to USD744.4mn.
* For the second consecutive day, four of the top-ten stocks contributing to the index’s rise were from the banks sector. These were VCB (+0.99%), VPB (+1.5%), BID (+0.6%), and HDB (+1.7%). TCB (-0.4%), MBB (-0.4%), and ACB (-0.2%) declined.
* The real estate sector performed poorly with VHM (-0.8%), VIC (-0.5%), VCM (-0.2%), and VRE (-0.3%) falling.
* The other top-ten stocks positively affecting the index were tech company FPT (+4.7%), food & beverage conglomerate MSN (+3.9%), beer maker SAB (+2.3%), utility company GAS (+0.8%), retailer MWG (+1.3%), and securities company SSI (+0.9%).
* Laggards of note in other sectors included steel makers HPG (-0.9%) and HSG (-1.9%), milk producer VNM (-0.2%), utility company POW (-0.4%), and chemical companies DCM (-1.2%) and DPM (-1.1%).
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