* FRT: 2024 AGM documents guide for PBT of VND125bn; no cash dividend for FY2023 and FY2024

* ACG: Demand to pick up in H2 2024, stable SG&A expenses - Update

* BVH: Premium growth to resume slowly in 2024F; full valuation - Update

* Market wrap: VN-Index rebounds with strong gains in banking

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Market wrap: VN-Index rebounds with strong gains in banking

On Tuesday, the VN-Index rebounded from yesterday’s loss by advancing 1.1% (+14.4 pts) and closing the trading day at 1,282.1. Strong gains in the banks sector led the market upward as seven bank stocks were among the top-ten contributors to the gain in the index.  Throughout the market, there were 342 gainers, 139 laggards, and 61 stocks that were unchanged. Total trading volume declined to USD877.4mn.  

* The top bank stocks were VPB (+3.7%), TCB (+2.6%), VCB (+0.6%), MBB (+2.2%), CTG (+1.4%), HDB (+2.8%), and ACB (+1.6%). BID (0.0%) was unchanged. 

* Real estate was another well-performing sector, as VHM (+0.5%), VIC (+0.4%), VRE (+1.3%) gained and KDH (+4.6%) and KBC (+3.1%) surged.  

* The top positive contributor in the index was rubber producer GVR (+6.3%). Other notable gainers were steel maker HPG (+1.2%), oil & gas companies PVD (+2.99%) and PLX (+1.6%), airline VJC (+1.2%), and jewelry retailer PNJ (+1.5%).  

* The only lagging stocks in the large-cap VN30 basket were food & beverage conglomerate MSN (-1.99%) and beer maker SAB (-0.2%).

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