Vietcap Daily - VN-Index posts marginal increase - ACV, FPT, PLX
  • 2024-05-08T00:00:00
  • Market Commentary

* Macro Update: FDI disbursement hits record high levels
* ACV: International traffic surges, bad debt provisions decline - Update    

* FPT: 28% NPAT CAGR in 2023-26 led by technology services - Update  
* PLX: Further revisions to petroleum regulations to boost earnings - Update
* Market wrap: VN-Index posts marginal increase

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Market wrap: VN-Index posts marginal increase

On Wednesday, the VN-Index posted a marginal increase of 0.2% (+1.8 pts) to close the trading day at 1,250.5. This is the sixth consecutive trading day that the index has gained. Basic materials was by far the most leading gaining sector. In total, there were 204 gainers, 233 laggards, and 68 stocks that were unchanged. Total trading volume surged to USD916.1mn.  

* Banks was the most lagging sector for the second straight trading day. VPB (-1.3%), BID (-0.4%), CTG (-0.6%), MBB (-0.9%), STB (-1.2%), and HDB (-0.8%) were among the ten stocks most negatively impacting the market. VCB (+0.1%) and TCB (+0.6%) saw their share prices increase.  

* Steel maker HPG (+1.8%), rubber producer GVR (+0.8%), fertilizer producer DCM (+2.6%), and chemical company DGC (+0.8%) were the leaders of the basic materials sector.  

* In consumer goods, food & beverage conglomerate MSN (1.5%), beer maker SAB (2.1%), and fruit farmer HAG (2.3%) advanced while textile company MSH (7.0%) jumped. Jewelry retailer PNJ (-0.4%) declined.

* Other notable gainers were oil & gas companies PLX (+3.4%) and PVD (+3.4%), commodities shipping services company PVT (+6.8%), IT company CMG (+6.9%), and fiber manufacturer STK (+6.9%).


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