- 2024-05-06T00:00:00
- Market Commentary
* PLX: PLX announces higher-than-expected 2023 cash dividend of VND1,500/share, aligned with AGM resolution
* ACG: Domestic market to recover slowly, exports seeing stellar outlook - AGM Note
* Water Sector: Draft provincial master plan supports long-term growth
* PNJ: Solid retail sales to lead 14% YoY earnings growth - Update
* PVS: Poised to sign full EPCI#1,2,3 contract for Block B - Update
* Market wrap: VN-Index climbs 1.7% on Monday
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Market wrap: VN-Index climbs 1.7% on Monday
The VN-Index climbed 1.7% (+20.6 pts) on Monday to close at 1,241.6. This was the fourth consecutive trading day that the index has gained. Banks was the leading sector by far, followed by basic materials and consumer services. In total, there were 390 gainers, 76 laggards, and 49 stocks that were unchanged. Total trading volume increased to USD823.2mn.
* BID (+2.6%), CTG (+2.5%), VPB (+1.9%), and VCB (+0.5%) were the leading banks. HDB (-0.6%) was the only large-cap bank to post a decline.
* In basic materials, rubber producer GVR (+6.1%) jumped, while steel maker HPG (+2.3%), chemical company DGC (+2.9%), and fertilizer producer DCM (+2.5%) surged. Rubber company HRC (-5.9%) plunged.
* In consumer services, airlines VJC (+7.0%) and HVN (+6.8%) saw significant gains as retailers MWG (+4.7%) and DGW (+3.4%) also had strong performances.
* Other notable gaining stocks were real estate companies VIC (+0.7%) and BCM (+2.4%), food & beverage conglomerate MSN (+1.9%), technology company FPT (+1.4%), electrical equipment company GEX (+3.2%), and securities company SSI (+2.9%).
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