Vietcap Daily - VN-Index slides 0.4%, down in consecutive sessions

* Fed keeps key interest rate unchanged and foresees three rate cuts next year

* Domestic petroleum prices decline further

* Banking: Fitch Ratings upgrades ratings for several banks

* CTR’s 11M 2023 preliminary results are broadly in line with our expectations

* TDM receives approval for capital raising via rights issue

* VHC: November sales grow 14% MoM

* Market wrap: VN-Index slides 0.4%, down in consecutive sessions

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Market wrap: VN-Index slides 0.4%, down in consecutive sessions

The VN-Index declined by 0.4% (-4.1 pts) on Thursday to close at 1,110.1. Yesterday saw most of the stocks in the VN30 group fall while today’s session featured several large-cap gainers and many that were unchanged. In total, 138 stocks gained, 384 declined, and 85 were unchanged. Total trading volume declined to USD605.9mn.

* Banks VCB (+0.8%), ACB (+0.9%), TCB (+0.2%), HDB (+0.3%), and MSB (+0.4%) were among the ten most positively contributing stocks in the session. VPB (-1.0%) and STB (-1.3%) dropped. BID (0.0%), CTG (0.0%), and MBB (0.0%) were unchanged.

* Real estate player VIC (-0.2%) and its subsidiaries VHM (-1.1%) and VRE (-0.7%) fell. DIG (-2.7%) and NVM (-4.1%) plummeted.

* In food & beverage, VNM (+0.3%) inched up while MSB (-1.2%) and SAB (-1.6%) declined. SAB’s share price has decreased for four consecutive sessions (-4.1% in this period). HAG (-0.7%) couldn’t sustain its strong performance in the prior three sessions.

* GAS (0.0%) was unchanged, steel maker HPG (-1.1%) declined, and technology firm FPT (+1.1%) gained. VJC (+0.3%) is up for two straight days.