- 2024-04-02T00:00:00
- Market Commentary
* KDH’s AGM document guides for 2024G NPAT-MI growth of 10% YoY
* NT2 guides for 2024 NPAT of VND68bn vs our forecast for loss
* PPC: Audited 2023 NPAT-MI revised down by 12%, insignificant changes to our 2024 earnings forecast
* PTB replaces audited financial statement receives auditor's unqualified opinion
* Energy Sector: Government approves execution plan of Power Master Plan VIII – Flash Note
* VIB: Asset quality to improve with strong recovery from written-off bad debts in 2024 - AGM Note
* QTP: Capitalizing on northern Vietnam’s robust power demand - Initiation
* Market wrap: VN-Index climbs 0.4% on Tuesday, led by basic materials
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Market wrap: VN-Index climbs 0.4% on Tuesday, led by basic materials
On Tuesday, the VN-Index climbed 0.4% (+5.5 pts) to finish the trading day at 1,287.04. The sector with the most positive impact was basic materials while banks had the most negative impact. The balance of gaining stocks (248) and laggards (241) was nearly even, with 66 stocks going unchanged. Total trading volume increased to USD1.1bn.
* In basic materials, rubber producer GVR (+7.0%) was the top-performing stock in the index. Steel makers HPG (+1.0%) and HSG (2.3%), plus chemical company DGC (+1.9%) also had positive results.
* The next leading sector was utilities, where GAS (+2.4%), POW (+1.8%), GEG (+6.8%), and NT2 (+1.4%) posted strong gains.
* In the banks sector, VCB (-0.7%), STB (-3.8%), BID (-0.4%), and VPB (-0.5%) were the notable decliners, while TCB (+0.4%), MSB (+1.4%), TPB (+0.5%), and LPB (+0.3%) saw their share prices increase.
* Other standouts were oil & gas companies PVD (+6.2%) and PLX (+1.2%), real estate companies VHM (+0.6%), BCM (+1.7%), and KBC (+3.2%), and food & beverage conglomerate MSN (+1.5%).
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