- 2024-08-05T00:00:00
- Market Commentary
* Water Sector: Deputy Prime Minister approves master plan for Binh Duong Province with double-digit water supply growth
* GEX: SBV approves GEX’s acquisition of additional EIB stake
* IDC: Strong land handovers due to large backlog; H1 land sales trail our expectations - Analyst Meeting Note
* CTR: Robust earnings growth driven by infrastructure leasing - Update
* PVS: Block B's midstream starts in Q3, upstream signing imminent - Update
* Market wrap: VN-Index plunges 3.9% on Monday
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Market wrap: VN-Index plunges 3.9% on Monday
On Monday, the VN-Index plunged 3.9% (-48.5 pts) to close the trading day at 1,188.1. Banks was the sector that had the worst impact on the index by far. Throughout the index, there were 24 gainers, 448 laggards, and 25 stocks that were unchanged. Total trading volume surged compared to the previous trading day to USD948.2mn.
* Banks VCB (-2.03%), BID (-3.5%), TCB (-5.1%), CTG (-4.4%), and VPB (-3.2%) were among the top-ten stocks pushing the market down.
* Real estate was the second most negatively impactful sector. VHM (-4.2%), VRE (-6.4%), and NVL (-4.4%) plunged while VIC (-1.7%) dropped.
* Basic materials stocks dropped sharply, including GVR (-6.96%), HPG (-4.8%), HSG (-6.8%), DGC (-5.5%), and DCM (-6.4%).
* Other notable decliners were technology company FPT (-3.7%), food & beverage stocks VNM (-2.9%), MSN (-2.4%), and SAB (-5.6%), utility company GAS (-3.04%), oil & gas company PLX (-4.2%), and securities company SSI (-5.3%).
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