- 2024-02-01T00:00:00
- Market Commentary
* Fed keeps rates unchanged; rate cut in March unlikely
* New orders rise for the first time in three months
* Domestic petroleum prices continue increasing due to rising global prices
* DGW Analyst Meeting Note: Anticipating 2024 growth to be driven by new brand
* MSN Analyst Meeting: Ambitious minimart expansion plan in 2024
* MWG 2024 guidance release: Cost optimization to drive higher profit in another potentially difficult year
* REE to pay interim FY2023 cash dividends
* SCS: New large client Qatar Airways; strong cargo throughput target for 2024 – BUY
* HVN: Q4 2023 gross margin returns to negative territory - Earnings Flash
* Market wrap: VN-Index climbs 0.8% on strong performances in various sectors
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Market wrap: VN-Index climbs 0.8% on strong performances in various sectors
The VN-Index climbed 0.8% (+8.8 pts) on Thursday on the back of strong individual performances in various sectors. The market closed at 1,173 with 270 gainers, 177 decliners, and 111 stocks unchanged. Total trading volume declined to USD626.7mn.
* In banking, VCB (+1.5%), CTG (+1.4%), and ACB (+0.97%) were the top performers in the sector. Conversely, BID (-0.9%), VPB (-1.3%), and TCB (-1.2%) were the bottom laggards in the sector.
* The food & beverage industry had a strong showing as beer maker SAB (+2.1%), milk producer VNM (+0.8%), and conglomerate MSN (+1.1%) rose.
* The real estate sector had a mixed performance as VIC (-0.4%) and VHM (-0.7%) declined and VRE (+0.9%), BCM (+1.1%), and KBC (+3.6%) gained.
* Rubber producer GVR (+6.9%) had the second biggest positive impact on the market. Other noteworthy gainers were technology firm FPT (+4.4%) and its subsidiary FRT (+3.1%), retailer MWG (+2.7%), and industrials company VGC (+4.2%).
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