- 2024-11-13T00:00:00
- Market Commentary
* VEA: Strong 10% YoY growth in passenger car sales volume in 10M 2024
* VIC, Chairman to maintain their funding commitment to VinFast through 2026
* FPT: Management eyes robust growth across segments in 2025 - Analyst Meeting Note
* SAB: Positive outlook for Tet beer sales volume; lower-cost malt to be realized in 2025 – Analyst Meeting Note
* Macro Update: Macro data remains solid in October
* ACV: Strong international traffic recovery, softer near-term domestic pax outlook - Update
* GMD: Capacity constraints to cap 2025F earnings - Update
* Market wrap: VN-Index declines 0.4%
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Market wrap: VN-Index declines 0.4%
The VN-Index declined 0.4% (-5.5 pts) on Tuesday to close the trading day at 1,244.8. This is the fourth consecutive trading day that the index has lost value. Only five members of the large-cap VN30 group gained. Throughout the index, there were 120 gainers, 236 laggards, and 79 stocks that were unchanged. Total trading volume plunged compared to the previous trading day to USD560.2mn.
* The banks sector performed poorly for the second day running as VCB (-0.1%), BID (-0.4%), CTG (-1.3%), TCB (-0.7%), VPB (-0.5%), and MBB (-0.8%) declined. HDB (+0.9%) was the sole large-cap gainer in the sector.
* Real estate stocks also underperformed, with VHM (-0.7%), VIC (-0.6%), KDH (-0.2%), and KBC (-0.5%) sliding. BCM (+0.4%) gained.
* Beer maker SAB (+2.4%), utility company REE (+1.2%), telecom towerco CTR (+1.4%), fruit farming company HAG (+6.7%), logistics company VTP (+6.9%), and tech company CMG (+1.7%) were among the market’s surging stocks.
* Noteworthy laggards included retailer MWG (-3.5%), tech company FPT (-1.1%), rubber producer GVR (-1.5%), steel maker HPG (-0.7%), airline HVN (-2.3%), and food & beverage conglomerate MSN (-1.4%).
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