Vietcap Daily - VN-Index gains 0.5% - SAB, VTP
  • 2024-09-06T00:00:00
  • Market Commentary

* Trade surplus hits highest level since August 2020
* Energy Sector: Full EPCI 1 award implies official FID from PetroVietnam Group for Block B
* SAB announces execution plan to increase its stake in Sabibeco from 22.7% to 65.9%
* VTP: Scaling down trading business; lower service GPM YoY in 2024 - Update
* Market wrap: VN-Index gains 0.5%


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Market wrap: VN-Index gains 0.5%

On Friday, the VN-Index gained 0.5% (+5.8 pts) to close the trading day at 1,273.9. The top-ten stocks contributing to the index’s upward trajectory were from a variety of sectors. Throughout the index, there were 192 gainers, 212 laggards, and 64 stocks that were unchanged. Total trading volume declined compared to the previous trading day to USD629.7mn.

* In the banks sector, BID (+1.2%) and CTG (+1.4%) surged, VCB (+0.1%) and MBB (+0.2%) edged up, and VPB (+0.8%) and ACB (+0.4%) gained. HDB (-0.7%) declined.

* In real estate, VIC (-0.9%), KDH (-0.4%), and PDR (-1.1%) fell. VRE (+2.0%) and KBC (+1.7%) posted strong gains, and VHM (+0.3%) and BCM (+0.1%) ticked up.  

* The basic materials sector performed much better than yesterday as GVR (+1.8%), HPG (+1.4%), DPM (+3.5%), and DCM (+2.3%) gained.  

* Notable gainers from other sectors were food & beverage conglomerate MSN (+2.6%), tech company FPT (+1.2%), oil & gas company PLX (+1.95%), milk producer VNM (+0.9%), and utility company GAS (+0.96%).


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