* CTR’s preliminary 7M 2024 results in line with our forecasts
* MBB: Strong NOII growth offsetting lower NIM - Update
* MSN: Upbeat consumer earnings; downscaling non-core business - Update
* Market wrap: VN-Index posts no change on Wednesday

----------------------------------------

Market wrap: VN-Index posts no change on Wednesday

On Wednesday, the VN-Index posted no change (0.0%; -0.06 pts) to close the trading day at 1,230.4. There were strong gains seen by several large-cap stocks that were offset by the weight of bank VCB’s decline in share price. Throughout the index, there were 163 gainers, 243 laggards, and 78 stocks that were unchanged. Total trading volume decreased compared to previous trading day to USD518.4mn.

* Among banks, VCB (-1.7%) had by far the most negative impact on the market while CTG (-0.2%), VPB (-0.8%), and MBB (-0.9%) also declined. BID (+0.9%), TCB (+0.95%), and STB (+0.2%) were the only large-cap gainers in the sector.  

* Several real estate stocks had good performances including VHM (+2.3%), VIC (+0.3%), VRE (+3.2%), and BCM (+1.1%). KDH (-0.3%) and NVL (-0.9%) fell.  

* Food & beverage stocks also performed well as conglomerate MSN (+2.3%), beer maker SAB (+2.6%), and fish exporter VHC (+2.03%) surged. Milk producer VNM (+0.3%) edged up.  

* Notable large-cap gainers in other sectors were utility company GAS (+0.6%), rubber producer GVR (+0.9%), steel maker HPG (+0.2%), insurance company BVH (+1.2%), and oil & gas company PLX (+1.2%).

Powered by Froala Editor