Vietcap Daily - VN-Index loses momentum, drops 1.2% - PVD, VPB, DXS, DRC, TDM
  • 2023-10-16T00:00:00
  • Market Commentary

* PVD wins drilling contract from NGP (Thailand)
* VPB announces its cash dividend payment schedule
* DXS: Property brokerage to recover in 2024 - Update
* DRC: Profitability improved QoQ but demand remains weak - Earnings Flash
* TDM: 9M 2023 recurring NPAT-MI slightly trails our 2023F forecast - Earnings Flash
* Market wrap: VN-Index loses momentum, drops 1.2%

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Market wrap: VN-Index loses momentum, drops 1.2%

The VN-Index fell on Monday, halting its six-day growth streak by closing -1.2%. Total trading value increased from Friday to USD622.3mn.  

* Bank VCB (-0.6%) had the day’s most negative impact on the market while the banking sector tumbled. The lone bright spot was VPB, up 2.5%.  

* Real estate giant VinGroup (-2.4%) and its subsidiary Vinhomes (-2.9%) both dropped for the second consecutive day.  

* GAS rebounded from its slide on four out of five days last week to close +1.3% and be one of the session’s top performers.

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