Vietcap Daily - VN-Index closes lower due to a late sell-off - GVR, SBV
  • 2023-06-16T00:00:00
  • Market Commentary

* GVR: Guidance for 10% YoY decline in 2023 NPAT – broadly in line with our expectation
* SBV lowers policy rates
* Market wrap: VN-Index closes lower due to a late sell-off

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Market wrap: VN-Index closes lower due to a late sell-off

The VN-Index performed well in the morning session and in the early afternoon, supported by Thursday’s rallies in US stocks and reports of another policy rate cut from the SBV. However, gains were trimmed towards the end of trading and the index closed 0.16% lower at 1,115.22.  

* Securities brokerage tickers rallied, including SSI, HCM, VCI, VND and VDS.

* Banking stocks traded mixed with gains from VCB, STB, SHB and ACB but losses from TCB, VPB, BID and CTG.   

* Oil & Gas names, such as GAS, PLX, PVD and PVS, retreated after yesterday’s rallies and closed in the red. 

* Large-caps in the Real Estate sector dropped, including VHM, VRE, NVL and PDR.


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