Vietcap Daily - VN-Index posts minimal increase on Wednesday - PNJ, PVS
  • 2024-03-27T00:00:00
  • Market Commentary

* FDI remains solid in Q1 2024
* Power Sector: Reducing retail electricity price adjustment cycle from six to three months, yielding slight positive impact
* PNJ’s 2024 AGM document guides for mid-single-digit NPAT growth
* PVS: Raising offshore wind power backlog, Block B nears FID - Update
* Market wrap: VN-Index posts minimal increase on Wednesday


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Market wrap: VN-Index posts minimal increase on Wednesday
The VN-Index posted a minimal increase of 0.1% (+0.9 pts) to close the trading day at 1,283.1. Consumer goods was the leading positive sector while banks was the worst performing sector. In the market, there were 244 gainers, 209 laggards, and 95 stocks that were unchanged. Total trading volume increased to USD967.6bn.  
* BID (-0.9%), VCB (-0.5%), TCB (-0.9%), and VIB (-0.6%) were the most underperforming stocks in the sector. CTG (+0.9%), MBB (+0.2%), and ACB (+0.2%) gained.
* The consumer goods sector made the most significant contribution to the index's rise. Food & beverage conglomerate MSN (+1.9%), beer brewer SAB (+1.1%), coffee maker VCF (+7.0%), and sugar producer SBT (+2.4%) were the leading stocks in this sector.  
* Real estate had a mixed performance as VHM (-0.6%), VRE (-1.7%), KDH (-0.5%), and KBC (-1.5%) decreased, VIC (0.0%) was unchanged, and BCM (+0.2%), NVL (+1.4%), and DIG (+2.5%) increased.  
* Other notable gaining stocks were retailer MWG (+4.2%), telecom company CTR (+5.7%), logistics company VTP (+2.3%), airline VJC (+1.1%), and steel maker HSG (+2.6%). Other noteworthy lagging stocks were GAS (-0.5%), rubber producer GVR (-1.5%), electronics retailer FRT (-0.6%), and airline HVN (-0.4%).

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