Vietcap Daily - VN-Index sees modest decline of 0.3%

* DGC acquires ethanol factory at attractive valuation
* FPT: Global IT, Telecom lead strong growth momentum in 2024 - AGM Note
* Fixed Income March 2024: SBV resumes T-bill issuance
* Market wrap: VN-Index sees modest decline of 0.3%

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Market wrap: VN-Index sees modest decline of 0.3%

The VN-Index saw a modest decline of 0.3% (-4.3 pts) on Wednesday to close the trading day at 1,258.6. Only six members of the large-cap VN30 group posted gains, while three were unchanged and 21 lost value. In the index, there were 177 gainers, 275 laggards, and 85 stocks that were unchanged. Total trading volume decreased to USD673.3mn.

* After a largely positive performance yesterday, the banks sector posted poor results. VCB (+0.2%) was the only large-cap stock to advance. BID (-1.3%), CTG (-1.8%), TCB (-0.3%), MBB (-0.8%), and ACB (-0.7%) were the significant decliners. VPB (0.0%) and HDB (0.0%) were unchanged.

* In real estate, VHM (+2.3%) and VIC (+1.7%) surged while VRE (+0.2%) saw a minimal gain. BCM (-0.8%), NVL (-1.9%), KBC (-2.1%), and PDR (-1.9%) fell.

* Some of the stocks putting the most downward pressure on the market were rubber producer GVR (-2.01%), GAS (-0.9%), steel maker HPG (-0.8%), food & beverage conglomerate MSN (-1.4%), and retailer MWG (-1.5%).

* Some of the top stocks positively affecting the index were airline HVN (+3.4%), jewelry retailer PNJ (+3.7%), technology company FPT (+0.7%), beer maker SAB (+0.6%), and chemical company DGC (+0.8%).