* Vietnam’s GDP increases 5.0% in 2023 thanks to strong growth in Q4
* Banking: Draft amendments to Circular No. 16/2021/TT-NHNN
* DPM revised down its 2023 guidance and provided conservative 2024 guidance; potential downside risk to our forecasts
* PVT: PVT announced preliminary 2023 results in line with our expectations
* QNS: Earnings to decline in 2024 on weaker sugar profitability - Update
* STK: Meaningful recovery to begin in Q2 2024 - Update
* SZC: Residential project to drive earnings growth in 2024 - Update
* Market wrap: VN-Index gained 12.2% in 2023

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

Market wrap: VN-Index gained 12.2% in 2023

The VN-Index inched up by 0.09% on Friday and closed the year at 1,129.93. Accordingly, the index gained 3.3% in December and 12.2% in 2023.  

* The banking sector continued to rally with gains from BID, HDB, VPB, TCB and STB. However, the biggest cap bank VCB unexpectedly fell by 3%.  

* Industrial stocks increased, including GVR, PC1, CTR, VGC, GVR and REE.  

* Consumer stocks traded mixed as SAB, PNJ, FRT and HNG gained but VNM, HAG, MWG and DRC dropped.

* Real Estate stocks showed differentiated performance with gains from VIC, NVL, KDH and DXG and losses from VHM, VRE, NLG and SJS.

Powered by Froala Editor