- 2024-08-13T00:00:00
- Market Commentary
* GEX: GEX reports strong 7M 2024 results, increases EIB stake to 10%; GEE listing on HOSE
* STK releases detailed plan for its 2024 private placement
* TDM: H1 2024 NPAT increases 9% after audited FS, in line with expectation
* VEA: Vehicle sales volume experiences double-digit growth YoY in July 2024
* VHC: 24% YoY sales growth momentum driven by volume recovery in July 2024
* Urea Sector: Change in VAT on fertilizers to boost earnings
* KBC: Land sales to pick up from 2025F - Update
* PVT: Raising tanker rate forecasts, increasing volume from BSR - Update
* Market wrap: VN-Index sees no material change
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Market wrap: VN-Index sees no material change
The VN-Index saw no material change on Tuesday, as it only gained 0.01% (+0.14 pts) to close the trading day at 1,230.4. More than half of the large-cap VN30 group saw their share prices decline or post no change. Throughout the index, there were 162 gainers, 234 laggards, and 88 stocks that were unchanged. Total trading volume declined compared to previous trading day to USD521.5mn.
* In the banks sector, VCB (+1.9%) and HDB (+1.6%) surged, and CTG (+0.5%) and LPB (+0.7%) climbed up. BID (-0.3%), TCB (-1.2%), MBB (-0.4%), and ACB (-0.8%) fell and VPB (0.0%) was unchanged.
* Real estate stocks VIC (+0.3%), VRE (+0.3%), KDH (+0.3%), and NVL (+0.5%) slightly rebounded after posting losses yesterday while BCM (0.0%) was unchanged.
* Gaining stocks from other sectors to note were milk producer VNM (+1.1%), beer maker SAB (+0.6%), airlines HVN (+2.5%) and VJC (+1.7%), retailers MWG (+0.2%) and PNJ (+0.4%), and chemical company DGC (+0.4%).
* Noteworthy laggards from other sectors were steel maker HPG (-1.7%), utility company GAS (-1.2%), rubber producer GVR (-0.3%), technology company FPT (-0.2%), and securities company SSI (-0.9%).
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