Vietcap Daily - VN-Index crawls up 0.1% as banking sector falters

* POW: Preliminary 2023 NPAT slightly trails our forecast; 2024 guidance implies downside risk to our 2024 NPAT projection

* VEA: Robust MoM and YoY auto sales growth in December

* Fixed Income December 2023: G-bond yields further edge down across all tenors

* Market wrap: VN-Index crawls up 0.1% as banking sector falters

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Market wrap: VN-Index crawls up 0.1% as banking sector falters

The VN-Index crawled up by 0.1% (+0.7 pts) on Thursday as the share prices of several large-cap banks either declined or were unchanged. Slight gains across other sectors helped lift the market and end the day in positive territory. There were 250 gainers, 221 laggards, and 115 stocks that were unchanged. Total trading volume fell to USD706.6mn.

* In the banking sector, VCB (-0.22%), BID (-1.9%), TCB (-0.7%), and MBB (-1.2%) experienced declines. VPB (+0.3%), HDB (+0.5%), and SSB (+0.9%) gained while CTG (0.0%) and ACB (0.0%) were unchanged.

* In real estate, VIC (0.1%) and one of its subsidiaries, VRE (+0.6%) gained while the other, VHM (-1.6%) fell. BCM’s seven-day slide stopped as it increased 2.03%.

* In food & beverage, VNM (+0.6%) halted a four-day skid, SAB (+0.99) gained, and HAG (+6.4%) soared. MSN (-0.2%) was the most notable decliner.

* In other sectors, GAS (+0.7%), steel maker HPG (+0.6%), technology firm FPT (+0.3%), and retailer MWG (+0.5%) marginally increased. Insurer BVH (+3.7%) posted a strong gain.