Vietcap Daily - VN-Index edges up 0.2% - GAS, PPC, VEA, VIB
  • 2023-12-12T00:00:00
  • Market Commentary

* GAS’ preliminary 2023 results slightly trail our expectations

* PPC: PPC announces advanced payment of 2023 cash dividend

* VEA: Vietnam’s passenger car (PC) sales continue recovering MoM in November

* VIB completes mobilization of USD280mn of offshore funding

* Fixed Income November 2023: Expired T-bills fuel liquidity

* Market wrap: VN-Index edges up 0.2%

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Market wrap: VN-Index edges up 0.2%

The VN-Index edged up 0.2% (+2.1 pts) to close at 1,127.6. The banking and real estate sectors most positively affected the market, increasing by 0.3% and 0.04%, respectively. Total trading volume decreased to USD572.7mn.  

* The stock prices of most large-cap banks increased in the session, including BID (+1.2%), VPB (+0.3%), CTG (+0.6%), TCB (+0.6%), and MBB (+0.6%). VCB (0.0%) was unchanged.  

* Real estate giant VIC saw a modest increase of 0.5%, while its subsidiary VHM experienced a slight uptick of 0.1%. Meanwhile, VIC's other subsidiary, VRE, remained unchanged at 0.0%. BCM (-1.1%) and PDR (-2.7%) sharply declined. 

* Major food & beverage firms VNM (-0.9%) and SAB (-0.8%) inched down and MSN (-1.9%) plunged. HAG (+0.8%) has gained nearly 8% over the past two sessions. 

* GAS (-0.1%) fell slightly. Steel maker HPG (+1.6%) and technology company FPT (+1.9%) surged. Rubber producer GVR (0.0%) and retail player MWG (0.0%) were unchanged.

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