Vietcap Daily - VN-Index declines 0.3% to close week

* ACB Analyst meeting Q1 2024 key takeaways
* MWG Analyst Meeting: BHX’s sales/store reaches ~VND1.9bn in May 2024; closing down 4K farm & logistics business
* VEA: Passenger car retail sales slightly grow 8% YoY while motorbike sales remain sluggish in April
* Galvanized Steel Sector: Sales and margins to recover from low base, valuations outpace fundamental progress
* Urea Sector: Lower urea price outlook in 2024, rebound in 2025
* MBB: Attractive valuation; asset quality to improve – Update
* SAB: Higher excise tax rate to impact earnings growth from 2026 - Update
* Market wrap: VN-Index declines 0.3% to close week

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Market wrap: VN-Index declines 0.3% to close week

The VN-Index declined 0.3% (-3.9 pts) on Friday to close the week at 1,244.7. The majority of the large-cap VN30 group posted losses and none gained more than 1%. In the index, there were 165 gainers, 261 laggards, and 75 stocks unchanged. Total trading volume plunged to USD640.3mn.

* The banks sector had a poor performance as VCB (-0.5%), BID (-0.9%), VPB (-1.3%), and CTG (-0.2%) slid. TCB (+0.1%) and ACB (+0.4%) gained and HDB (0.0%) was unchanged.

* Real estate also had poor overall results. VHM (-1.5%), VIC (-0.9%), BCM (-1.7%), VRE (-1.5%), and NVL (-1.5%) dropped. PDR (+3.9%), DIG (+1.8%), and NLG (+1.4%) surged.

* A few of the gainers in other sectors were technology company FPT (+0.5%), farming company DBC (+6.2%), oil & gas company PVD (+1.4%), securities company SSI (+0.7%), and commodities shipping services company PVT (+2.8%).

* Some notable laggards in various sectors were food & beverage conglomerate MSN (-0.8%), utility company GAS (-0.8%), airlines VJC (-0.9%) and HVN (-2.4%), and construction & building materials company VGC (-1.9%).