* MBB Investor Meeting Notes: Conservative profit guidance with expectation for modest improvement in NPL ratio
* GMD: Core business to recover in 2024F - Update
* KBC: Expecting Trang Due 3 approval to drive 2024 IP land sales - Update
* Market wrap: VN-Index dips 0.6% on back of declines across sectors

----------------------------------------

Market wrap: VN-Index dips 0.6% on back of declines across sectors

The VN-Index dipped 0.6% (-7.3 pts) on Wednesday to close the trading day at 1,262.7. There were declines seen from large-cap stocks across a variety of sectors. The three sectors exerting the most downward pressure on the market were real estate, basic materials, and banks. In total, there were 130 gainers, 356 laggards, and 67 stocks that were unchanged. Total trading volume increased to USD1.0bn.  

* In real estate, VHM (-1.3%), VRE (-3.2%), NVL (-2.3%), and PDR (-2.2%) fell. BCM (+1.1%) and NLG (+1.3%) gained while HQC (+6.8%) and NBB (+4.1%) surged.  

* In basic materials, rubber producer GVR (-2.7%), steel maker HPG (-1.1%), steel and plastic products producer HSG (-2.3%), and interior decoration materials manufacturer ACG (-2.9%) declined. Steel maker POM (+3.4%) and wood products manufacturer DLG (+3.9%) climbed.  

* In banking, TCB (+1.3%), VCB (+0.1%), and LPB (+1.1%) were the only gainers in the sector. VPB (-1.8%), CTG (-1.0%), ACB (-1.3%), and STB (-1.1%) were the most impactful laggards.  

* Some of the noteworthy decliners from other sectors were milk producer VNM (-1.6%), technology company FPT (-1.5%), retailer MWG (-2.6%), and jewelry retailer PNJ (-1.9%). Notable other gainers were beer brewer SAB (+4.1%), food & beverage conglomerate MSN (+1.6%), and oil & gas distributor PLX (+0.8%).

Powered by Froala Editor