- 2024-04-16T00:00:00
- Market Commentary
* CTR: Viettel, Vinaphone granted licenses to provide 5G services
* PNJ’s preliminary Q1 2024 results: Strong retail sales growth of 12% YoY, NPAT declines 1% YoY
* PNJ: PNJ targets mid-single-digit YoY earnings growth for 2024 - AGM Note
* PPC: S6 generator re-operation, higher YoY dividend income to drive NPAT 4x YoY - Earnings Flash
* HAH: Recovery in trade to boost logistics demand - Visit Note
* Market wrap: VN-Index posts marginal decline
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Market wrap: VN-Index posts marginal decline
The VN-Index posted a marginal decline of 0.1% (-0.9 pts) on Tuesday to close the trading day at 1,215.7. After significant losses yesterday, the banks sector had seven of the ten stocks most positively contributing to the index. In total, there were 140 gainers, 361 laggards, and 58 stocks that were unchanged. Total trading volume decreased to USD1.2bn.
* The previously mentioned leading banks were TCB (+2.5%), BID (+1.2%), CTG (+1.8%), MBB (+2.1%), LPB (+4.0%), VPB (+0.8%), and ACB (+1.1%). VCB (-1.1%) was the top laggard in both the sector and the index.
* The real estate sector had a poor performance for the second consecutive day. VIC (-1.3%), BCM (-2.1%), and VRE (-1.3%) declined, while NVL (-4.6%) and DIG (-3.7%) plunged. VHM (+0.7%) advanced.
* Rubber producer GVR (+1.9%), technology company FPT (+1.3%), chemical company DGC (+2.2%), fertilizer producer DCM (+1.1%), and telecommunication company CTR (+2.5%) were notable gainers in other sectors.
* Milk producer VNM (-1.4%), food & beverage conglomerate MSN (-1.2%), steel maker HPG (-0.5%), electricity company POW (-2.2%), and airline HVN (-1.2%) were some of the standout decliners across industries.
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