Vietcap Daily - VN-Index gains 0.5% on Thursday - BWE, GEX, KBC, VIB, PNJ, QNS
  • 2024-03-07T00:00:00
  • Market Commentary

* Vietnam and Australia elevate ties to Comprehensive Strategic Partnership 

* BWE: AGM materials, 14% stock dividend to be paid in June

* GEX: AGM materials: 2024 PBT guided to increase 38% YoY (including divestment gain); downside risk to 2024F PBT forecasts for VGC & GEX

* KBC’s EGM documents: 2024 guidance proposal, cancellation of treasury purchase, cash dividend payment plans

* VIB’s AGM documents: Management expects 2024F earnings growth to rebound; paying second tranche of 2023 cash dividend

* Macro Update: Economic data remains solid in 2M 2024

* PNJ: Sustained outperforming growth amid weak consumption - Update

* QNS: Earnings to slide from 2023’s high base - Update

* Market wrap: VN-Index gains 0.5% on Thursday

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Market wrap: VN-Index gains 0.5% on Thursday

The VN-Index gained 0.5% (+5.7 pts) on Thursday to close the trading day at 1,268.5. Consumer goods, real estate, and basic materials led the index's upward movement, while banks weighed it down. There were 253 gainers, 219 laggards, and 85 stocks that were unchanged. Total trading volume saw no material change at USD1.0bn.  

* In consumer goods, food & beverage conglomerate MSN (+5.1%) surged, jewelry retailer PNJ (+1.6%) and fish exporter VHC (+2.7%) had solid performances, and milk producer VNM (+0.3%) slightly gained. Beer brewer SAB (-1.1%) declined and wood furniture producer BKG (-7.0%) plunged. 

* In real estate, BCM (+4.0%) led the sector as VIC (+0.7%), KDH (+1.5%), and VHM (+0.2%) also increased. NLG (-0.2%) slid. 

* In basic materials, chemical company DGC (+7.0%) significantly gained. Steel maker HPG (+0.6%), rubber producer GVR (+0.7%), and fertilizer producer DCM (+1.8%) ticked up.  

* Banks BID (-2.0%), CTG (-0.8%), MBB (-0.8%), and HDB (-1.3%) edged down. VCB (+0.2%) and VPB (+0.3%) were the only-large cap institutions in the sector to advance.

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