- 2024-10-23T00:00:00
- Market Commentary
* BMP: November 13 ex-rights date for first FY2024 cash dividend tranche of VND5,740/share
* DGC: Q4 2024 guidance, 2024 cash dividend announcement
* PVT acquires additional oil product tanker in October 2024, fleet expansion potential beating our forecast by 30%
* Power Sector: New policy for rooftop solar implies slight positive impact for selected power, industrial park stocks - Flash Note
* Vietnam Macro Note: Public investment plan for 2025 increased by 30%
* Market wrap: VN-Index posts marginal gain of 0.1%
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Market wrap: VN-Index posts marginal gain of 0.1%
On Wednesday, the VN-Index posted a marginal gain of 0.1% (+1.0 pts) to close the trading day at 1,270.9. The index’s gain follows three consecutive trading days of losses. Throughout the index, there were 204 gainers, 156 laggards, and 77 stocks that were unchanged. Total trading volume sharply decreased compared to the previous trading day to USD554.7mn.
* The banks sector had a mixed performance. STB (+2.3%) surged, and VCB (+0.1%), CTG (+0.1%), and LPB (+0.5%) gained. BID (-0.7%), VPB (-0.7%), and HDB (-0.2%) declined. TCB, MBB, and ACB (0.0%) were unchanged.
* In basic materials, large-cap rubber producer GVR (-0.7%) has fallen more than 6% this week with its share price declining for five consecutive trading days. Steel maker HPG (-0.8%) is on a four-day loss streak.
* Real estate tickers VIC (+2.4%), KDH (+1.8%), and PDR (+3.4%) surged while VHM (-2.6%) plunged.
* Gainers from other sectors that helped lift the index included tech company FPT (+0.8%), food & beverage conglomerate MSN (+0.6%), and oil & gas company PLX (+1.2%).
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