Vietcap Daily - VN-Index sees another marginal gain - PC1, DRC, GEX, HDB
  • 2024-08-28T00:00:00
  • Market Commentary

* PC1: Major shareholder registers to sell 5% stake
* DRC: Radial tire sales growth on track, higher logistics costs - Update
* GEX: Strong core earnings projected across segments in 2025F - Update
* HDB: Strong NII growth to outweigh pressure on credit costs - Update
* Market wrap: VN-Index sees another marginal gain


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Market wrap: VN-Index sees another marginal gain

On Wednesday, the VN-Index saw a marginal gain for the second consecutive day, increasing by 0.1% (+0.9 pts) to close the trading day at 1,281.4. The largest-cap real estate stocks fell after surges yesterday. In total, the index had 168 gainers, 225 laggards, and 84 stocks that were unchanged. Total trading volume edged up compared to the previous trading day to USD655.5mn.

* Large-cap real estate stocks VIC (-1.6%), VHM (-1.2%), and VRE (-2.7%) fell after they all surged yesterday. BCM (-1.0%) and KDH (-0.1%) also declined.

* The banks sector had mixed performances as VCB (-0.4%), VPB (-0.3%), HDB (-0.2%), and STB (-0.2%) saw their share prices decrease while CTG (+0.1%), TCB (+1.6%), and MBB (+1.0%) gained.  

* Gaining stocks that helped lift the market in other sectors were rubber producer GVR (+2.0%), technology company FPT (+0.6%), airline HVN (+2.4%), securities company SSI (+1.95%), milk producer VNM (+0.5%), utility company GAS (+0.4%), and fruit farmer HAG (+4.8%).  

* A few of the laggards throughout the index that weighed on the market were retailer MWG (-0.6%), jewelry company PNJ (-1.4%), and insurance company BVH (-0.9%).


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