Vietcap Daily - VN-Index inches up 0.8%

* HDG: Preliminary 2023 NPAT before MI slightly tracks ahead of our forecast, 2024 guidance in line with our expectations

* Market wrap: VN-Index inches up 0.8%

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Market wrap: VN-Index inches up 0.8%

The VN-Index inched up 0.8% (+9 pts) on Tuesday to close at 1,163. A diverse group of stocks from various industries led the day’s gains. There were 318 gainers, 163 laggards, and 102 stocks that were unchanged. Total trading volume rose to USD533.8mn.

* There was mixed performance among banking stocks. VCB (0.0%) and CTG (0.0%) were unchanged. BID (+0.6%) was the fifth most positively contributing stock for the market. VPB (+0.5%), MBB (+0.2%), and ACB (+0.4%) gained. TCB (-0.4%) and SSB (-1.5%) fell and were the two most negatively impactful stocks on the day.

* In real estate, VHM (+2.5%) surged while respective parent and sibling companies, VIC (+0.2%) and VRE (+0.7%) gained. BCM (-0.2%) and KDH (-0.8%) were the only large-cap real estate firms to post a decline.

* Steel maker HPG (+2.6%), food & beverage firm MSN (+2.3%), and retail player MWG (+3.3%) strongly helped lift the market. MWG is up over 5% this week.

* GAS (-0.1%) decreased. Rubber producer GVR (+1.95%), milk producer VNM (+0.6%), and jewelry chain PNJ (+2.3%) gained. Electrical equipment company GEX (+2.4%) halted its four-day slide.