Vietcap Daily - VN-Index declines 0.1% - GMD, PNJ, POW, PVT, STK, TDM
  • 2024-10-07T00:00:00
  • Market Commentary

* Q3 GDP shows upbeat result despite Typhoon Yagi
* GMD recieves SSC approval for 3:1 rights issue of 103.5mn shares at VND29,000/share – 62% discount current VND76,400/share price
* PNJ’s disclosure on conclusion of gold market inspection
* POW: POW signs Power Purchase Agreement for Nhon Trach 3 & 4, broadly in line with forecast
* PVT: PVT announces conservative preliminary 9M 2024 results despite strong tanker rates
* STK: FX gains help offset weaker-than-expected orders in Q3 2024
* TDM: 9M 2024 NPAT from water generation completes 74% of full-year forecast, in line with expectations
* Fixed Income September 2024: VND continues to appreciate in September
* Industrial park Developers (SIP, SZC, PHR, and GVR): IP land sales to remain slow in H2 2024 but rebound in 2025 - Update
* Market wrap: VN-Index declines 0.1%


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Market wrap: VN-Index declines 0.1% 

The VN-Index slightly declined by 0.1% (-0.7 pts) on Monday to close the trading day at 1,269.9. This is the fourth consecutive trading day that the index has decreased. Throughout the index, there were 170 gainers, 202 laggards, and 86 stocks unchanged. Total trading volume sharply fell compared to the previous trading day to USD474.8mn.

* In the banks sector, VCB (-0.3%), BID (-0.3%), and HDB (-1.7%) declined. CTG (+0.6%), TCB (+0.4%), and MBB (+0.4%) gained, and VPB (0.0%) was unchanged.  

* Real estate stocks VHM (-0.7%), VIC (-0.4%), VRE (-0.3%), and NVL (-0.5%) saw their share prices decrease. BCM (+0.7%) and KDH (+0.8%) gained.  

* The financial services sector performed well as SSI (+1.1%), VND (+2.1%), HCM (+2.1%), and VCI (+3.7%) surged.  

* Notable laggards in other sectors were milk producer VNM (-2.0%), utility companies GAS (-0.6%) and POW (-1.5%), rubber producer GVR (-0.3%), food & beverage conglomerate MSN (-1.1%), and retailer MWG (-0.2%).


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