Vietcap Daily - VN-Index rallies on bottom-fishing

* GEX: VGC’s preliminary 9M 2023 PBT beats our forecast
* POW: Weak Q3 2023 results; preliminary 9M 2023 PBT trails our forecast
* PVD removed from list of stocks ineligible for margin trading
* Market wrap: VN-Index rallies on bottom-fishing

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Market wrap: VN-Index rallies on bottom-fishing

On Wednesday, the VN-Index rallied from its 3.2% drop in the previous session, closing up by nine-tenths of a percent on bottom-fishing demand.

* VIC (+3.6%) was the top contributor to the day’s gain. In addition, Vingroup subsidiaries VHM (+1.2%) and VRE (+2.7%) finished higher.

* Most stocks in the financial sector rebounded from Tuesday’s decline, led by banks BID (+2.3%) and STB (+3.4%) and securities brokerage SSI (+5.1%). On the other hand, bank SSB (-1.8%) was the day’s leading contributor among laggards.

* Fertilizer manufacturers DCM (+6.9%) and DPM (+3.4%) climbed.