Vietcap Daily - VN-Index drops 1.1% as bank stocks sink - FRT, VNM, IDC, PLX, SAB, VHM
  • 2023-08-10T00:00:00
  • Market Commentary

* Water Sector: BWE and TDM’s preliminary 7M 2023 results trail our forecasts

* FRT no longer eligible for margin trading

* VNM Analyst Meeting: Expect to see positive impact of rebranding in Q3 2023 earnings

* Fixed Income July 2023: Interbank interest rates fall further on excess liquidity

* IDC: Resilient IP land sales; sizeable land bank pipeline - Update

* PLX: Earnings to improve further in 2024 - Update

* SAB: Longer recovery pathway on slow profitability improvement - Update

* VHM: Improved homebuyer sentiment boosts new project launches - Update

* Market wrap: VN-Index drops 1.1% as bank stocks sink

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Market wrap: VN-Index drops 1.1% as bank stocks sink

On Thursday, the VN-Index dropped 1.1% — its steepest decline since June 29 — as large-cap stocks continued to weigh on the market, which was demonstrated by 24 of the VN30 Index’s components finishing lower. 

* Nearly all banks were down, led by VCB (-1.9%), BID (-3.5%), CTG (-2.6%), TCB (-1.5%) and MBB (-1.3%). 

* MSN (-5.7%) has fallen 6.9% over the last two trading sessions. 

* Industrial real estate players GVR (-3.2%) and BCM (-2.8%) declined. 

* VIC (+3.2%) was the day’s top contributing gainer. 

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