- 2024-10-09T00:00:00
- Market Commentary
* PPC: PPC to pay remaining 2023 cash dividend of VND625/share
* Oil & Gas Sector: Lowering 2024F oil price, raising 2025F forecast
* BSR: 2024F spread, earnings downgraded; 2025F outlook intact - Update
* GAS: Doubling LNG volume to drive 2025 earnings recovery - Update
* Market wrap: VN-Index sees gain of 0.8%, led by large-cap stocks across sectors
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Market wrap: VN-Index sees gain of 0.8%, led by large-cap stocks across sectors
The VN-Index increased by 0.8% (+9.9 pts) on Wednesday to close the trading day at 1,281.9. The market’s gain was led by large-cap stocks from a variety of sectors. Throughout the index, there were 255 gainers, 114 laggards, and 78 stocks that were unchanged. Total trading volume rose compared to the previous trading day to USD688.2mn.
* Four of the top-ten stocks lifting the index were banks ACB (+2.9%), BID (+1.1%), MBB (+1.6%), and CTG (+0.98%). VCB (-0.6%) and HDB (-0.7%) declined.
* The real estate sector performed well, including VHM (+2.2%), VIC (+1.7%), VRE (+0.8%), and KDH (+0.5%). BCM (-0.4%) fell.
* Basic materials stocks HPG (+2.04%), GVR (+1.7%), DCM (+1.9%), and DGC (+0.97%) surged.
* Some of the other notable rising stocks in the index were food & beverage conglomerate MSN (+2.4%), tech company FPT (+1.2%), airlines HVN (+3.2%) and VJC (+0.8%), and telecom towerco CTR (+3.8%).
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