Vietcap Daily - VN-Index climbs 0.7%, led by banks sector

* DRC: Interim 2024 cash dividend of VND500/share to be paid in January 2025
* MWG’s preliminary 10M 2024 results: Top line mainly driven by BHX’s growth; BHX’s sales/store remained at VND2.1bn in October
* PPC: PPC announces advance payment of VND200/share for 2024 cash dividend
* GAS: Lower oil prices to boost long-term LNG volume - Update
* Market wrap: VN-Index climbs 0.7%, led by banks sector

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Market wrap: VN-Index climbs 0.7%, led by banks sector

The VN-Index climbed 0.7% (+8.4 pts) to close the trading week at 1,250.5. The banks sector led the market's growth, contributing half of the top-ten performers. Throughout the index, there were 222 gainers, 147 laggards, and 88 stocks that were unchanged. Total trading volume surged compared to the previous trading day to USD532.6mn.

* The five banks mentioned above were VCB (+0.8%), BID (+1.4%), CTG (+0.9%), MBB (+0.6%), and VPB (+0.5%). TCB was unchanged.

* The insurance sector saw significant gains as BVH (+6.9%), MIG (+6.8%), BIC (+5.3%), and BMI (+4.4%) surged.

* In real estate, VHM (-0.7%), VIC (-0.5%), VRE (-0.6%), and NVL (-1.4%) declined and BCM (+0.5%) gained.

* Tech companies FPT (+3.5%) and CMG (+4.4%) sharply rose. Other strong stocks included steel maker HPG (+1.3%), food & beverage conglomerate MSN (+1.1%), utility company GAS (+0.4%), airline HVN (+1.8%), and retailer MWG (+0.8%).