- 2024-06-12T00:00:00
- Market Commentary
* CTR’s preliminary 5M 2024 results slightly trail our forecasts
* DCM announces 2023 cash dividend payment
* SAB announces timeline for executing remaining amount of FY2023 cash dividend
* TV2 – Song Hau 2 signs grid connection agreement with EVNNPT
* VHC: Solid sales growth of 19% YoY in May 2024
* DCM: Management expects fertilizer VAT law approval in late 2024 - AGM Note
* Fixed Income May 2024: SBV implements further measures to defend dong
* PNJ: No significant impact on PNJ from SOCBs' direct gold bar sales - Thought Piece
* Market wrap: VN-Index advances 1.2% on Wednesday
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Market wrap: VN-Index advances 1.2% on Wednesday
The VN-Index advanced 1.2% (+15.8 pts) on Wednesday to close the trading day at 1,300.2. The index’s upward movement was led by the banks sector, which had six of the ten stocks most positively contributing to the market. In total, there were 313 gainers, 124 laggards, and 64 stocks that were unchanged. Total trading volume declined to USD915.8mn.
* The previously mentioned leading banks were VPB (+6.01%), VCB (+1.7%), BID (+1.2%), MBB (+2.4%), ACB (+1.7%), and CTG (+0.9%).
* Real estate was another well-performing sector, as VIC (+0.2%), VHM (+0.9%), and VRE (+0.7%) gained and KDH (+2.02%), NVL (+1.1%), and PDR (+1.8%) surged.
* Other gainers strongly lifting the market were technology company FPT (+4.4%), steel maker HPG (+1.7%), food & beverage conglomerate MSN (+2.6%), and retailer MWG (+1.8%).
* Some of the notable large-cap decliners were beer maker SAB (-0.9%), oil & gas company PLX (-0.2%), utility company POW (-1.1%), ports and logistics services company GMD (-0.4%), and real estate company SIP (-0.7%).
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