- 2024-03-09T00:00:00
- Market Commentary
* GAS: Two-month results in line with expectation
* TDM’s rights issue result; AGM materials, 14% cash dividend to be paid in May
* BID: Strong earnings outlook but valuation looks full - Update
* BMP: 2024F profit to slide from record high; high cash dividend yield - Update
* CTR: Change in telecom technology to drive solid earnings growth - Update
* DXS: 2024 earnings to recover from improving property transactions - Update
* PPC: Strong future earnings growth to boost yield - Update
* VPB: Top line rebounds; burden from FEC to diminish in 2024F - Update
* Market wrap: VN-Index dragged down by banks, declines 1.7%
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Market wrap: VN-Index dragged down by banks, declines 1.7%
The VN-Index declined 1.7% (-21.1 pts) on Friday as the banks sector primarily dragged the market down. There were no gaining sectors during the trading day. In total, there were 408 laggards, 89 gainers, and 55 stocks that were unchanged. Total trading volume surged to USD1.3bn.
* The most significant laggards among banks were BID (-4.1%), CTG (-3.6%), TCB (-3.8%), and MBB (-3.3%). In contrast, NAB (+6.3%) had a strong performance.
* In real estate, the Vingroup stocks declined as follows: VIC (-1.8%), VHM (-1.5%), and VRE (-2.3%). NVL (-2.4%) also fell. BCM (+0.4%) and HDG (+2.8%) gained.
* For consumer goods, milk producer VNM (-2.8%), food & beverage conglomerate MSN (-2.8%), beer brewer SAB (-1.0%), and fruit planter HAG (-3.1%) decreased.
* Other decliners of note were GAS (-1.1%), steel maker HPG (-2.3%), technology company FPT (-1.2%), retailer MWG (-2.6%), and securities company SSI (-2.4%).
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