Vietcap Daily - VN-Index bounces back by 1.3%

* HPG: September 2023 sales volume indicates recovery in construction steel — in line with our forecast
* Macro Update: Recovery trend continues
* Vietnam's Pharmacy Sector: Bright growth outlook; modern players to outperform
* VinFast: Cash balance improves QoQ in Q3 2023 thanks to capital injection from Chairman and VIC - Analyst Meeting Note
* LAS: Favorable fertilizer market outlook - Visit Note

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Market wrap: VN-Index bounces back by 1.3%

The VN-Index rebounded by 1.3% on Friday to make up for the previous day’s loss and close at 1,128.54. Total turnover finished at USD491,000 to slightly recover from yesterday’s USD95,600 drop.

* The banking sector led the charge as VCB (+1.3%), BID (+0.8%), and CTG (+0.7%) were three of the day’s top-five contributing gainers.

* The real estate sector soared, with VRE (+2.43%), VHM (+1.7%), and VNM (+0.8%) contributing significantly.

* Of the gainers, 84 companies rose by more than 2%, while 67 gained in the range of 1%-2%.

* Foreign investors traded enthusiastically on the day, purchasing an additional USD34.9mil on HOSE and selling off USD20.5mil.