Vietcap Daily - VN-Index falls 0.8%, banks exert downward pressure - PVS, VHM, IDC, PVT
  • 2024-11-04T00:00:00
  • Market Commentary

* PVS: PVS to pay 2023 cash dividend of VND700/share
* VEF: Seeking written shareholder approval for entire transfer of Co Loa project
* IDC: Large unbilled backlog remains; subdued IP land sales continue in Q3 2024 - Analyst Meeting Note

* Vietnam Earnings Update: 9M 2024 results on track, US election tail risks explored
* PVT: Aggressive fleet expansion, firm outlook for tanker rates - Update
* Market wrap: VN-Index falls 0.8%, banks exert downward pressure


----------------------------------------

Market wrap: VN-Index falls 0.8%, banks exert downward pressure

The VN-Index fell 0.8% (-10.2 pts) on Monday to close the trading day at 1,244.7. Half of the top-ten stocks negatively affecting the index were banks. Throughout the index, there were 93 gainers, 287 laggards, and 59 stocks that were unchanged. Total trading volume increased compared to the previous trading day to USD627.9mn.

* The previously mentioned declining banks were VCB (-1.1%), VPB (-2.2%), EIB (-4.8%), TCB (-1.1%), and HDB (-1.9%). In contrast, CTG (+0.3%) gained.  

* Basic materials stocks performed poorly for the second consecutive trading day, as GVR (-2.3%), HPG (-0.9%), DCM (-2.0%), and DGC (-0.8%) dropped.  

* Stocks from other sectors that contributed to the index’s decline included tech company FPT (-1.3%), airline HVN (-4.0%), food & beverage conglomerate MSN (-1.7%), and utility company GAS (-0.4%).  

* Some of the market’s notable gainers included utility company REE (+3.2%), real estate company KBC (+2.7%), securities company FTS (+4.0%), jewelry retailer PNJ (+1.4%), and financial services company HCM (+2.1%).


Powered by Froala Editor