- 2024-06-07T00:00:00
- Market Commentary
* Macro Update: First monthly trade deficit recorded in two years
* BID: NIM headwinds but credit costs to improve in 2024 - Update
* BSR: Stronger profitability for BSR's upgrade & expansion project - Update
* GEX: Raising valuation for electrical equipment & IP - Update
* Market wrap: VN-Index edges up 0.3% to finish week
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Market wrap: VN-Index edges up 0.3% to finish week
The VN-Index edged up 0.3% (+4.02 pts) on Friday to close the week at 1,287.6. The index’s gain was led by large-cap stocks originating from a variety of sectors, including banks, consumer goods, consumer services, technology, basic materials, utilities, and real estate. Throughout the index, there were 235 gainers, 178 laggards, and 88 stocks that were unchanged. Total trading volume decreased to USD700.4mn.
* Banks VCB (-0.6%), BID (-0.3%), and VPB (-0.6%) were the top three stocks putting downward pressure on the market. TCB (+2.3%), ACB (+1.03%), and CTG (+0.6%) were among the top ten stocks positively contributing to the index.
* In real estate, VIC (-0.5%), VHM (-0.1%), VRE (-1.3%), PDR (-0.6%), and DIG (-0.4%) slid. KDH (+2.2%) and SIP (+1.5%) surged, NVL (+0.3%) posted a small gain, and BCM (0.0%) and KBC (0.0%) were unchanged.
* The leading stocks supporting the index outside of the above sectors were beer maker SAB (+3.7%), technology company FPT (+1.7%), airline HVN (+3.9%), milk producer VNM (+0.9%), utility company POW (+2.95%), and rubber producer GVR (+0.6%).
* Some noteworthy laggards during the trading day were food & beverage conglomerate MSN (-0.6%), oil & gas company PLX (-0.95%), jewelry retailer PNJ (-0.4%), plastics company BMP (-1.3%), and air cargo services company SCS (-1.4%).
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