Vietcap Daily - VN-Index dips, falling 1.6% - HDB, PPC, SZC
  • 2023-10-18T00:00:00
  • Market Commentary

* Power sector: CGM price improves MoM in September 2023, remains weak YoY
* HDB announces its plan to acquire 30% stake in HD Securities JSC.

* PPC: Dividend income supports Q3 NPAT-MI despite EBIT loss - Earnings Flash
* SZC: Q3 profit sustained by resilient IP land sales recognition - Earnings Flash

Market wrap: VN-Index dips, falling 1.6%

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Market wrap: VN-Index dips, falling 1.6% 

The VN-Index fell by 1.6% on Wednesday to close at 1,103.4, marking the third consecutive day that the index dropped by more than 1%. The session experienced a sharp drop in the late afternoon. It then started to recover but the rebound was not sufficient to end the day in positive territory. 

* VinGroup (VIC, -0.5%) and its subsidiary Vinhomes (VHM, -2.7%) have continued to decline since last Friday.  

* VCB (0.0%) finished even while fellow banks BID (-3.2%) and VPB (-0.9%) sank among a plunging banking sector.  

* HPG (-3.2%), GAS (-2.6%), and VNM (-1.2%) also suffered losses. 

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