Vietcap Daily - VN-Index inches up 0.7% on Tuesday - VTP
  • 2024-03-05T00:00:00
  • Market Commentary

* Energy sector: PM approves national energy development strategy

* VTP’s Analyst Meeting: Management has positive view on 2024 outlook of core businesses

* Market wrap: VN-Index inches up 0.7% on Tuesday

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Market wrap: VN-Index inches up 0.7% on Tuesday

The VN-Index inched up 0.7% (+8.6 pts) on Tuesday to close the trading day at 1,269.9. The banks and consumer goods sectors were instrumental in the index advancing. Overall, there were 258 gainers, 212 laggards, and 80 stocks that were unchanged in the index. Total trading volume decreased to USD988.1mn.  

* Among banks, BID (+1.7%), CTG (+1.3%), MBB (+1.7%), TCB (+0.8%), VIB (+0.5%), and STB (+0.5%) gained. VCB (-0.5%) and TPB (-1.0%) declined.  

* In consumer goods, food & beverage conglomerate MSN (+6.9%) surged while milk producer VNM (+1.4%), beer brewer SAB (+1.0%), and jewelry retailer PNJ (+1.3%) also advanced.  

* The worst-performing sector during the trading day was real estate. VHM (-0.7%), VRE (-1.1%), NVL (-1.7%), and PDR (-1.2%) saw declines. VIC (+0.1%) increased, HDG (+2.1%) and IJC (+2.7%) climbed, and NBB (+7.0%) jumped.  

* Other notable gainers were retailer MWG (+5.5%), GAS (+1.5%), securities company FTS (+6.7%), fruit grower HAG (+3.1%), and electronics retailer FRT (+2.3%). 

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