Vietcap Daily - VN-Index edges up 0.6%, led by diverse group of stocks - DGW, LPB, TCB, KBC, STK, TDM, MSN
  • 2024-03-28T00:00:00
  • Market Commentary

* DGW’s 2024 AGM document guides for high double-digit sales, NPAT growth

* LPB’s 2024 AGM document highlights: Targeting for strong 2024F PBT growth

* TCB’s AGM documents: Management expects 2024F earnings growth to rebound; paying both stock, cash dividend

* KBC: Sustained IP land sales in 2024G, in line with our expectations – EGM Note

* STK: Strong QoQ recovery reflected in orders for Q2 2024 – AGM Note

* TDM: Cash dividend to be paid in May, seeking loan from JICA  & ADB for cheap funding – AGM note

* MSN: Consumer-retail maintains double-digit EBIT growth - Update

* Market wrap: VN-Index edges up 0.6%, led by diverse group of stocks

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Market wrap: VN-Index edges up 0.6%, led by diverse group of stocks

The VN-Index edged up 0.6% (+7.1 pts) on Thursday to close the trading day at 1,290.2. The index’s gain was led by a diverse group of stocks coming from various sectors including banks, real estate, technology, consumer services, and basic materials. Throughout the market, there were 254 gainers, 209 laggards, and 80 stocks that were unchanged. Total trading volume increased to USD1.0bn.  

* Among banks, TCB (+5.4%) and STB (+3.6%) surged while ACB (+1.3%), CTG (+0.7%), and MBB (+0.8%) also gained. VCB (-0.1%) was the sole large-cap decliner in the sector.  

* In real estate, VIC (+1.2%) and VHM (+1.9%) posted strong gains. VRE (-1.2%), NVL (-2.5%), and KDH (-1.3%) declined.  

* Technology company FPT (+1.7%), technology retailer FRT (+6.7%), and chemical company DGC (+2.7%) were in the top-ten most positively contributing stocks to the index during the trading day.  

* Some notable decliners were rubber producer GVR (-1.1%), steel maker HPG (-0.2%), beer maker SAB (-0.5%), oil & gas company PLX (-1.2%), logistics company VTP (-0.8%), and financial services company EVF (-2.1%).

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