Vietcap Daily - VN-Index edges down 0.2% on Thursday

* SAB’s Q1 2024 Analyst Meeting: Early recovery signal in 4M 2024; potential one-year delay in revising excise tax rate on beer
* DXS: Management guides for upbeat profit recovery outlook – AGM Note
* IDC: Strong backlog to drive 2024F profit; resilient IP land sales - Update
* Market wrap: VN-Index edges down 0.2% on Thursday

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Market wrap: VN-Index edges down 0.2% on Thursday

The VN-Index edged down 0.2% (-1.8 pts) on Thursday to close the trading day at 1,248.6. The stocks most negatively impacting the market came from a variety of sectors, including banks, basic materials, consumer goods, technology, and real estate. Throughout the index, there were 201 gainers, 241 laggards, and 67 stocks that were unchanged. Total trading volume decreased to USD785.9mn.

* Consumer services was the leading gaining sector in the index. Airline HVN (5.6%) and VJC (0.4%), digital products retailer FRT (2.7%), and taxi company VNS (6.9%) were the most impactful in this sector. Retailer MWG (-0.3%) had a slight decline.

* Real estate was the second best performing sector as BCM (6.4%), NVL (1.1%), VHM (0.1%), and SJS (0.6%) gained. VRE (-1.5%) had a poor performance.

* Consumer goods was by far the most lagging sector. The worst performers were milk producer VNM (-1.9%), beer maker SAB (-2.2%), food & beverage conglomerate MSN (-1.2%), and jewelry retailer PNJ (-1.1%).

* Some noteworthy laggards from sectors not mentioned above were banks VCB (-0.5%), BID (-0.6%), and HDB (-1.7%), utility company GAS (-1.7%), steel maker HPG (-0.8%), and technology company FPT (-0.5%).