Vietcap Daily - VN-Index jumps 1.2% as real estate stocks surge

* ACG’s Q2 2023 earnings call: Targeting flat H2 2023 NPAT YoY
* STK: QoQ improvement to occur in Q4 2023; expecting 65% utilization of Unitex in 2024
* PVD: Feasibility study for new rig acquisition shows bright outlook – Update
* HAG: Earnings to improve in H2 2023 on higher banana & pork prices – Company Visit Note
* Market wrap: VN-Index jumps 1.2% as real estate stocks surge

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Market wrap: VN-Index jumps 1.2% as real estate stocks surge

* Following its 0.8% drop in the previous trading session, the VN-Index rebounded by 1.2% on Friday and closed at a more-than-10-month high of 1,225.98, which was primarily driven by the strong performance of the real estate sector. For the week, the VN-Index increased by 1.5%.

* VIC (+6.9%) was the top contributor to the day’s gain and finished the week up by nearly 21%. In addition, Vingroup subsidiary VHM (+4.8%) bounced back after dropping 4.6% over the previous three days.

* Apart from the Vingroup tickers, several other names in the real estate sector posted large gains, including NVL (+6.7%), DIG (+5.1%), PDR (+4.9%), NLG (+4.2%) and DXG (+3.7%).

* In the banking sector, ACB (+4.0%), VPB (+2.3%), SHB (+5.1%) and TPB (+2.7%) advanced. On the other hand, SSB (-4.1%), VCB (-0.5%) and BID (-0.3%) were the day’s top three contributing laggards.

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