- 2024-07-24T00:00:00
- Market Commentary
* DRC guides for PBT decreasing 14% YoY in Q3 2024
* Market wrap: VN-Index climbs 0.5%, stops three-day slide
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Market wrap: VN-Index climbs 0.5%, stops three-day slide
On Wednesday, the VN-Index edged up 0.5% (+6.7 pts), stopping a three-trading day slide and closing at 1,238.5. By far the stock contributing most to the market’s gain was rubber producer GVR, while a diverse group of stocks followed in the top ten. Throughout the index, there were 259 gainers, 177 laggards, and 69 stocks that were unchanged. Total trading volume declined compared to the previous trading day to USD705.5mn.
* After a poor performance yesterday, the basic materials sector rebounded, led by GVR (+6.9%), DGC (+1.5%), DCM (+2.0%), and DPB (+0.7%).
* In the banks sector, VCB (0.0%) and HDB (0.0%) were unchanged, BID (+0.2%), VPB (+0.5%), MBB (+0.2%), and ACB (+0.8%) gained, and CTG (-0.6%), TCB (-0.2%), and LPB (-1.7%) declined.
* No large-cap real estate companies saw their share prices decrease, as VIC (+0.1%) and VRE (+0.5%) advanced, and KDH (+1.4%), NVL (+2.7%), KBC (+3.8%), and PDR (+3.9%) surged. VHM (0.0%) was unchanged.
* Notable gaining stocks in other sectors were food & beverage conglomerate MSN (+0.7%), oil & gas company PLX (+2.2%), technology company FPT (+0.4%), utility company POW (+2.7%), airline VJC (+1.8%), and jewelry retailer PNJ (+1.1%).
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