Vietcap Daily - VN-Index posts immaterial change - QTP, ACB, AST
  • 2024-08-27T00:00:00
  • Market Commentary

* QTP: QTP to pay remaining 2023 cash dividend of VND464/share 

* ACB: Raising credit growth forecast on corporate lending surge - Update

* AST: Revenue sharing scheme to dampen profit margins - Update

* Market wrap: VN-Index posts immaterial change

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Market wrap: VN-Index posts immaterial change

On Tuesday, the VN-Index posted an immaterial change of +0.04% (+0.5 pts). By far the most impactful stocks keeping the index in the green were real estate companies VIC and VHM. Throughout the index, there were 169 gainers, 235 laggards, and 73 stocks that were unchanged. Total trading volume dropped compared to the previous trading day to USD652.6mn. 

* The ‘Vin’ stocks performed well, as VIC (+7.0%) jumped, and VHM (+2.2%) and VRE (+1.01%) surged. BCM (-0.99%) and KDH (-0.5%) fell.  

* In the banks sector, VCB (-0.5%), BID (-1.2%), and MBB (-0.2%) declined, LPB (-2.3%) plunged, CTG (+0.7%) and CTB (+0.7%) gained, and VPB (0.0%), ACB (0.0%), and HDB (0.0%) were unchanged.  

* Notable gaining stocks from other sectors were technology company FPT (+0.8%), oil & gas company PLX (+1.1%), food & beverage conglomerate MSN (+0.8%), and beer producer SAB (+0.5%).  

* Some of the standout decliners throughout the market were steel maker HPG (-0.96%), utility companies GAS (-0.8%) and REE (-2.0%), airline HVN (-1.4%), and insurance company BVH (-0.4%).

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