Vietcap Daily - VN-Index declines 0.8% - IDC, PPC, GMD, KBC, PC1, SCS, VRE
  • 2024-05-22T00:00:00
  • Market Commentary

* IDC: June 3 ex-rights date for dividend payment, totaling VND2,500/share (dividend yield of 3.9%)
* PPC’s 2024 AGM Documents: Promising outlook with 2024 revenue/PBT respectively increasing by 51%/12% YoY
* GMD: Abnormal gain from divestment, solid core business in 2024F - Update
* KBC: Attractive valuation; solid medium-term profit outlook - Update
* PC1: 2025 earnings to jump on further power construction - Update
* SCS: Earnings rebound with strong throughput, offset by lower ASP - Update
* VRE: Robust retail leasing profit outlook in medium term - Update
* Market wrap: VN-Index declines 0.8% 


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Market wrap: VN-Index declines 0.8%

The VN-Index declined 0.8% (-10.2 pts) on Wednesday to close the trading day at 1,266.9. The technology sector again helped lift the index while banks had the the worst impact on the market for the second consecutive day. Throughout the index, there were 173 gainers, 291 laggards, and 50 stocks that were unchanged. Total trading volume increased to USD1.1bn.  

* There were five banks in the top ten stocks negatively affecting the market. These were VPB (-2.7%), CTG (-1.9%), TCB (-1.7%), VCB (-0.4%), and MBB (-1.7%). LPB (+1.97%) was the sole large-cap gainer in the sector.  

* Real estate had a mixed performance as VHM (+0.4%) and KDH (+0.3%) edged up, NVL (+1.1%) gained, and PDR (+3.9%) and NLG (+2.3%) surged. In contrast, VIC (-2.1%) and NCM (-1.9%) dropped and VRE (0.0%) was unchanged.  

* A few of the trading day’s leading stocks in other sectors were technology company FPT (+1.5%), airline HVN (+2.96%), retailer MWG (+0.8%), and utility company PGV (+1.2%).  

* Some of the top laggards in the index were food & beverage conglomerate MSN (-2.5%), steel maker HPG (-1.7%), rubber producer GVR (-1.7%), and airline VJC (-3.02%).


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