Vietcap Daily - VN-Index edges up 0.6% as various large-cap stocks advance - CTR, MBB, FPT, TCB
  • 2024-02-16T00:00:00
  • Market Commentary

* CTR announces preliminary January 2024 results
* SCIC Investment One Member Company Limited to sell 1.35 million MBB shares
* FPT: Robust global IT spending to lead 24% NPAT growth in 2024 - Update
* TCB: Expected cash dividend plan, diversified loan book – Update
* Market wrap: VN-Index edges up 0.6% as various large-cap stocks advance


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Market wrap: VN-Index edges up 0.6% as various large-cap stocks advance
The VN-Index edged up 0.6% (+7.2 pts) on Friday to close the trading day at 1,209.7. Large-cap stocks from a variety of sectors advanced to positively affect the market. Total trading volume declined to USD746.8mn. In total, there were 288 gainers, 201 laggards, and 77 stocks that were unchanged.  
* The banking sector had mixed performances as VCB (-0.3%), BID (-0.8%), MBB (-0.6%), HDB (-1.5%), and STB (-1.4%) declined and CTG (+0.7%), VPB (+0.3%), and ACB (+1.5%) gained.  
* The Vingroup stocks had a strong positive effect on the index, with VIC (+3.3%), VHM (+1.8%), and VRE (+2.3%) increasing. Fellow real estate stocks NVL (+1.1%) and KBC (+1.3%) also increased.  
* Rubber producer GVR (+6.8%) was the top performer in the trading day. Milk producer VNM (+3.6%), GAS (+1.2%), food & beverage firm MSN (+2.0%), and technology company FPT (+1.1%) were also among the top ten best performing stocks in the index.
* Some of the significant laggards were beer producer SAB (-0.7%), fruit grower HAG (-5.2%), steel maker HPG (-0.4%), and jewelry retailer PNJ (-0.4%).

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