Vietcap Daily - VN-Index drops 1.1% — its biggest loss in three months - PVD, QNS, BVH
  • 2023-06-29T00:00:00
  • Market Commentary

* GDP growth remained weak, inflation eased further in Q2 2023

* Energy Sector: PVN becomes the owner of O Mon III & IV power plants

* We estimate PVD’s preliminary H1 2023 NPAT before MI will beat its full-year target by 52%

* QNS: Robust sugar prices fuel profit growth; soy milk remains weak - Update

* BVH: Plan for state ownership to decline starting from 2026 - AGM Note

* Market wrap: VN-Index drops 1.1% — its biggest loss in three months

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Market wrap: VN-Index drops 1.1% — its biggest loss in three months

The VN-Index fell 1.1% on Thursday, marking its biggest daily loss in three months and first negative session since June 19 as investors booked profits and grappled with weaker-than-expected macroeconomic data for June. 

* HPG (-3.0%) retreated after its 5.6% gain over the previous two days. 

* Almost all banks finished in the red, led by BID (-1.9%), VPB (-1.7%), TCB (-1.9%), MBB (-1.9%) and ACB (-1.8%). 

* Several real estate tickers suffered heavy losses, including NVL (-3.8%), DIG (-5.8%), DXG (-4.2%), KBC (-2.0%) and NLG (-2.4%). 

* Dairy manufacturer VNM (+1.8%) was one of the day’s rare gainers and has finished higher in six out of the last seven trading sessions.

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