Vietcap Daily - VN-Index gains 0.4% on Tuesday - ACG, FPT, NLG, POW, BMP
  • 2024-06-18T00:00:00
  • Market Commentary

* ACG: June 24 ex-rights date for remaining FY2023 cash dividend of VND800/share

* FPT's 5M 2024 results: 21% YoY jump in NPAT-MI as robust growth momentum in Global IT continues

* NLG completes transferring 25% stake in Paragon project to Japanese partner, supporting Q2 2024 earnings

* POW: POW successfully reduces payable amount for committed gas volume during 2020-2022

* BMP: Weaker volumes but margins holding up better than expected - Update

* Market wrap: VN-Index gains 0.4% on Tuesday

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Market wrap: VN-Index gains 0.4% on Tuesday

The VN-Index gained 0.4% (+4.7 pts) on Tuesday to close the trading day at 1,279.5. The market’s positive result was primarily led by basic materials and utilities stocks. In total, there were 269 gainers, 151 laggards, and 72 stocks that were unchanged. Total trading volume decreased to USD884mn compared to the previous trading day.  

* In the basic materials sector, chemical company DGC (+7.0%), rubber producers GVR (+1.8%) and PHR (+2.5%), and fertilizer producer DCM (+1.7%) surged. 

* Utility companies POW (+6.8%), GAS (+0.5%), PGV (+3.5%), and REE (+3.1%) saw their share prices increase.  

* Banks VCB (0.0%), BID (0.0%), ACB (0.0%), and MBB (0.0%) were unchanged. CTG (-1.2%), VPB (-0.8%), and LPB (-0.4%) declined. TCB (+0.4%), HDB (+0.6%), and STB (+0.2%) gained. 

* Strong performances were seen in other sectors from oil & gas company PLX (+2.8%), airline HVN (+3.5%), insurance company BVH (+2.5%), telecom towerco CTR (+1.6%), and fish exporter VHC (+1.6%).

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