Vietcap Daily - VN-Index climbs 2.1% from strong VN30 performance - TV2, DXG, HT1, PC1, PTB
  • 2024-03-13T00:00:00
  • Market Commentary

* Energy Sector: EIA increases Brent oil price forecast
* TV2: New growth cycle for leading power engineering consultancy - Initiation
* DXG: Presales, brokerage transactions to recover in 2024 - Update
* HT1: 2024F earnings to improve from low base - Update
* PC1: Strong backlog but valuation looks full - Update
* PTB: 2024 core revenue to exceed 2021 peak - Update
* Market wrap: VN-Index climbs 2.1% from strong VN30 performance


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Market wrap: VN-Index climbs 2.1% from strong VN30 performance
The VN-Index climbed 2.1% (+25.5 pts) on Wednesday to close the trading day at 1,270.5. The index was led by the strong performance of the large-cap VN30 group, which featured surging stocks across sectors and only one decliner. Banks in particular continued to have a significant effect on the market. Total trading volume increased to USD1.1bn. Throughout the index, there were 433 gainers, 64 laggards, and 61 stocks that were unchanged.  
* Banks saw significant gains, with VCB (+1.7%), VPB (+2.7%), MBB (+3.2%), and ACB (+3.4%) leading the sector. There were no declining or unchanged bank stocks during the trading day.  
* Within real estate, VIC (+1.9%), VRE (+2.8%), BCM (+1.9%), and VHM (+0.6%) had the most impact on the market. SIP (+3.1%) and NLG (+4.7%) surged.  
* Basic materials was the third most contributing sector to the index’s gain. The top performers were steel maker HPG (+2.0%), chemical company DGC (+7.0%), rubber producer GVR (+2.2%), and fertilizer producer DCM (+3.9%).  
* Other noteworthy gainers in the market were GAS (+1.4%), food & beverage conglomerate MSN (+2.8%), retailer MWG (+3.9%), fish exporter VHC (+4.3%), and technology company FPT (+4.6%). Securities companies SSI (+4.6%), VIX (+6.9%), and VCI (+6.8%) also posted strong performances.


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