Vietcap Daily - VN-Index gains 1.5%, led by surging bank stocks

* BMP: AGM documents guide for minor 1% YoY decline in 2024 NPAT-MI & 99% dividend payout ratio for FY2023
* CTR’s preliminary Q1 2024 results slightly trail our forecasts
* PVD: PVD's Q1 2024 preliminary results in line with expectations, supported by strong market
* BMI: Underwriting profit to improve on lower combined ratio - Update
* DGC: Phosphorus expanding, new contribution from ethanol - Update
* REE: Additional power capacity to fuel earnings growth - Update
* Market wrap: VN-Index gains 1.5%, led by surging bank stocks

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Market wrap: VN-Index gains 1.5%, led by surging bank stocks

The VN-Index gained 1.5% (+18.4 pts) on Friday to close the trading day at 1,276.6. The index was led by surging bank stocks, with five large-cap bank stocks gaining more than 3% in value. In total, there were 317 gainers, 143 laggards, and 85 stocks that were unchanged. Total trading volume jumped to USD963.0mn.

* Eight of ten most positively contributing stocks in the index were from the banks sector. The top five were CTG (+6.5%), TCB (+5.1%), MBB (+3.8%), VCB (+0.6%), and ACB (+3.1%). VIB (+3.1%) also posted a significant gain.

* The consumer services sector also had a strong performance, as airlines VJC (+5.9%) and HVN (+6.6%), and cargo services company SCS (+2.4%) surged.

* In real estate, VHM (+0.8%), BCM (+1.2%), VIC (+0.3%), and VRE (+1.0%) advanced. NVL (-0.3%) was the only large-cap decliner in the sector.

* Other notable increasing stocks were GAS (+1.1%), plastics company BMP (+6.9%), oil & gas companies PLX (+1.5%) and PVD (+2.7%), logistics company GMD (+3.03%), and jewelry retailer PNJ (+3.1%).