- 2024-09-16T00:00:00
- Market Commentary
* Energy Sector: PetroVietnam Group’s 8M 2024 capex doubles YoY, full FID suggests aggressive disbursement in Q4
* VHC: Upbeat 31% YoY sales growth in August 2024
* BMP: Flat bottom line from record-high base; attractive valuation - Update
* Market Wrap: VN-Index declines 0.99%
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Market Wrap: VN-Index declines 0.99%
The VN-Index declined 0.99% (-12.5 pts) on Monday to close the trading day at 1,239.3. The real estate sector weighed the most on the market and only one member of the large-cap VN30 group saw its share price increase (rubber producer GVR, +0.9%). Throughout the index, there were 96 gainers, 313 laggards, and 62 stocks that were unchanged. Total trading volume surged compared to the previous trading day to USD550.0mn.
* Several real estate stocks plunged during the trading day, including VHM (-2.9%), VIC (-1.98%), VRE (-2.1%), and NVL (-3.03%) while BCM (-0.9%) also fell. KDH (+1.1%) gained.
* There were no large-cap gainers in the banks sector. VCB (-1.1%), BID (-0.9%), CTG (-0.7%), VPB (-0.5%), and ACB (-1.02%) declined. TCB (0.0%) and MBB (0.0%) were unchanged.
* Multiple utility stocks sharply dropped, as GAS (-2.3%), POW (-3.9%), and REE (-1.5%) lost value.
* Other notable laggards were tech company FPT (-1.4%), milk producer VNM (-1.4%), food & beverage conglomerate MSN (-1.8%), oil & gas company PLX (-1.8%), and retailer MWG (-1.6%).
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