Vietcap Daily - VN-Index declines 0.4%, reaching 5-week low - MSN, PVD, PVT, DCM, VHC
  • 2024-10-25T00:00:00
  • Market Commentary

* MSN AM: Earnings set to normalize to pre-2022 levels; new consumer-retail intiatives
* PVD: 9M 2024 preliminary reported NPAT-MI up 25% YoY, slightly below expectations
* PVT: October oil tanker acquisition pushes 2024 capex at least 30% above forecast
* DCM: Strong NPK segment post-M&A plus lower depreciation to drive earnings growth, broadly in line with expectations - Earnings Flash
* VHC: Robust 68% YoY earnings recovery in Q3 - Earnings Flash
* Vietnam Residential Real Estate Sector Flash: Market transactions to strengthen in Q4 2024 and 2025
* Market wrap: VN-Index declines 0.4%, reaching 5-week low

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Market wrap: VN-Index declines 0.4%, reaching 5-week low

On Friday, the VN-Index declined 0.4% (-4.7 pts) to close the trading week at 1,252.7. This is the index’s lowest point in five weeks. Throughout the index, there were 136 gainers, 207 laggards, and 92 stocks that were unchanged. Total trading volume sharply decreased compared to the previous trading day to USD543.8mn.  

* Among banks, BID (-1.0%), CTG (-0.7%), TCB (-0.6%), and MBB (-0.2%) fell while VCB (+0.1%), VPB (+0.5%), LPB (+0.9%), and STB (+0.2%) gained.  

* Several food & beverage stocks posted poor performances, including conglomerate MSN (-1.7%), milk producer VNM (-0.6%), beer maker SAB (-0.7%), fish exporter VHC (-0.4%), and fruit farmer HAG (-3.8%).

* Stocks from other sectors that most positively affected the market included logistics company VTP (+4.3%), utility company PGV (+2.0%), and real estate companies PDR (+1.4%), DXG (+2.2%), and DIG (+1.9%).  

* Noteworthy laggards in other sectors included rubber producer GVR (-1.9%), chemical company DGC (-1.3%), tech company FPT (-0.2%), airline HVN (-0.9%), and oil & gas company PLX (-0.5%).


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