Vietcap Daily - VN-Index inches up 0.2% - MSN, HDC, CTG, HPG, QNS, TLG
  • 2024-08-30T00:00:00
  • Market Commentary

* Masan Consumer Corporation (UpCOM: MCH): MCH to ask shareholders’ approval regarding extraordinary cash dividend of VND16,800/share for FY 2023
* HDC: Large land bank leveraged to expected recovery in Vung Tau - Initiation
* CTG: Asset quality and credit costs to improve significantly - Update
* HPG: Lowering forecasts but margins to expand in H2 - Update
* QNS: Sugar profit to soften, soy milk earnings to improve in H2 2024 - Update
* TLG: Robust export sales, gradual domestic recovery - Update
* Market wrap: VN-Index inches up 0.2%


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Market wrap: VN-Index inches up 0.2%

On Friday, the VN-Index inched up 0.2% (+2.4 pts) to close the trading day at 1,283.9. This is the fourth consecutive trading day that the index has advanced, but all four days combined equal less than a half-percent gain (+0.34%). Including Monday, the index has posted a total loss of 0.06% for the week. Throughout the index, there were 202 gainers, 180 laggards, and 101 stocks that were unchanged. Total trading volume declined compared to the previous trading day to USD542.7mn.  

* In the real estate sector, three stocks were unchanged (0.0%; VIC, VHM, KDH), BCM gained (+0.7%), and VRE (-0.3%) declined.  

* Among banks, TCB (+1.5%) and HDB (+1.3%) surged, VCB (+0.2%) and CTG (+0.1%) edged up, and BID (-0.8%) saw its share price decrease.  

* Tech company FPT (+0.8%), milk producer VNM (+0.5%), airline HVN (+3.3%), retailer MWG (+1.0%), and chemical company DGC (+2.2%) were among the top stocks lifting the market.  

* Notable laggards in other sectors were steel maker HPG (-0.4%), coffee producer VCF (-5.4%), securities company SSI (-0.7%), logistics company STG (-6.5%), and utility company PGV (-1.2%).


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