Vietcap Daily - VN-Index posts minimal change - PNJ, POW, NT2, VHM, VRE, VPG
  • 2024-02-21T00:00:00
  • Market Commentary

* Exports, imports, and trade surplus reach highest monthly levels since August 2022
* PNJ’s January 2024 results: Resilient 2% MoM NPAT growth on solid retail sales
* POW/NT2: January 2024 sales volume and revenue in line with our forecasts, flat YoY CGM price
* VHM: New mega project presales to bolster medium-term outlook - Update
* VRE: Resilient growth in retail leasing revenue and profits - Update
* VPG: Earnings to recover from 2023's low base - Visit Note
* Market wrap: VN-Index posts minimal change


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Market wrap: VN-Index posts minimal change
The VN-Index posted a minimal change on Wednesday, declining 0.02 pts (0.0%). The banking sector had the most positive impact on the market while the majority of other sectors largely saw declines. In total, there were 239 gainers, 262 laggards, and 60 stocks that were unchanged. Total trading volume increased to USD921.2mn.  
* Among banks, BID (+0.7%), CTG (+0.99%), TPB (+4.0%), STB (+2.6%), VPB (+0.8%), were in the top ten most positive contributing stocks in the market. VCB (-0.1%), HDB (-0.4%), and SSB (-0.2%) declined.  
* In real estate, VIC (-2.6%) and VHM (-2.5%) couldn’t sustain their surges in the previous two trading days, while VRE (+1.96%) continued climbing. BCM (+3.1%) and KDH (+3.5%) surged.  
* In food & beverage, milk producer VNM (-0.3%), conglomerate MSN (-1.2%), and beer brewer SAB (-0.9%) fell. Fruit grower HAG (+1.6%) gained after its 3.1% drop yesterday.  
* The shares of several large-cap stocks across industries also lost value as GAS (-1.2%), steel maker HPG (-1.4%), retailer MWG (-1.5%), and airline VJC (-1.1%) declined.  
* Technology company FPT (+1.5%), tech retail chain FRT (+3.4%), chemical company DGC (+3.0%), and construction & building materials company VGC (+6.6%) were standout gainers.

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