- 2024-03-14T00:00:00
- Market Commentary
* Banking Sector: The prime minister pushes credit growth following the systemwide credit contraction in 2M 2024
* FPT’s 2024 AGM documents
* Market wrap: VN-Index declines 0.5% on Thursday
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Market wrap: VN-Index declines 0.5% on Thursday
After a strong gain yesterday, the VN-Index declined 0.5% (-6.3 pts) on Thursday to close the trading day at 1,264.3. The banking sector had the day’s worst performance as seven banks were present in the ten stocks contributing most to the index’s decline. In total, there were 193 gainers, 292 laggards, and 69 stocks that were unchanged in the index. Total trading volume was USD1.1bn, unchanged from Wednesday.
* VCB (-1.0%), BID (-1.7%), CTG (-1.99%), TCB (-1.4%), MBB (-1.7%), VPB (-1.3%), and ACB (-1.5%) were the worst performers in the banking sector.
* The consumer goods sector ranked second in terms of negative impact, led by food & beverage conglomerate MSN (-2.5%), beer brewer SAB (-1.5%), milk producer VNM (-0.4%), and fish exporter VHC (-1.4%).
* Outweighing the decline of consumer goods was the utilities sector, with GAS (+2.5%), natural gas distributor PGD (+5.1%), electricity company SBA (+5.6%), and compressed natural gas producer and distributor CNG (+4.7%) posting strong gains.
* Real estate company VIC (+2.1%), rubber producer GVR (+1.6%), petroleum driller PVD (+4.9%), and logistics and communications company VTP (+6.9%) were some of the notable increasing stocks in other sectors.
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