Vietcap Daily - VN-Index falls 0.8% - HDG
  • 2024-10-03T00:00:00
  • Market Commentary

* HDG: Chairman to transition to Founding Chairman role for continued support

* Market wrap: VN-Index falls 0.8%

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Market wrap: VN-Index falls 0.8%

On Thursday, the VN-Index fell 0.8% (-9.7 pts) to close the trading day at 1,278.1. The real estate market had a strong negative effect on the market. Throughout the index, there were 106 gainers, 289 laggards, and 68 stocks that were unchanged. Total trading volume surged compared to the previous trading day to USD941.0mn. 

* Real estate stocks VHM (-4.2%), VIC (-1.7%), VRE (-2.6%), KDH (-3.1%), and NVL (-1.8%) plunged, while BCM (-0.6%) also declined.  

* In the banks sector, TCB (-2.2%) sharply dropped, and VCB (-0.1%), BID (-0.6%), and MBB (-0.8%) fell. CTG (+0.6%), VPB (+1.5%), and HDB (+0.4%) gained.  

* The basic materials sector performed poorly, including GVR (-1.7%), HPG (-0.4%), DGC (-1.2%), and DCM (-1.6%). 

* Notable laggards in other sectors were tech company FPT (-1.0%), utility company GAS (-0.6%), retailer MWG (-1.6%), and oil & gas company PLX (-1.2%).

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