Vietcap Daily - VN-Index slides 0.4% on Monday - CTR, DGW, DRC, VPB, FRT
  • 2024-05-13T00:00:00
  • Market Commentary

* CTR’s preliminary 4M 2024 results slightly trail our forecasts
* DGW Analyst Meeting: Home appliances and office equipment segments set for sustained growth in 2024, supported by new brands
* DRC announces timeline for executing remaining amount of FY2023 cash dividend
* VPB announces record date for FY 2023 cash dividend
* Fixed Income April 2024: SBV uses reserves to defend dong
* FRT: Robust growth ahead for healthcare business - Update
* Market wrap: VN-Index slides 0.4% on Monday


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Market wrap: VN-Index slides 0.4% on Monday

On Monday, the VN-Index slid by 0.4% (-4.5 pts) to close the trading day at 1,240.2. Banks was the most declining sector in the index, while healthcare led the gaining sectors with a minimal increase. The index has now declined for three consecutive trading days. Throughout the index, there were 203 gainers, 233 laggards, and 72 stocks that were unchanged. Total trading volume increased to USD675.7mn.  

* Banks VCB (-1.1%), CTG (-1.7%), BID (-0.9%), and HDB (-1.9%) were four of the ten stocks putting the most downward pressure on the market. VPB (+1.6%) and MBB (+0.2%) gained while ACB (0.0%) and SSB (0.0%) were unchanged.  

* In real estate, VHM (-0.6%) edged down as BCM (-1.4%) and VRE (-1.1%) fell. NVL (+1.5%) surged and KDH (+0.8%) gained. VIC (0.0%) was unchanged.  

* Top gaining stocks included rubber producer GVR (+1.1%), airlines VJC (+1.6%) and HVN (+1.5%), fruit farmer HAG (+3.8%), conglomerate REE (+1.5%), and electrical equipment company GEX (+1.8%).  

* Notable decliners were technology company FPT (-0.99%), milk produer VNM (-1.1%), steel maker HPG (-0.8%), beer brewer SAB (-1.2%), and retailer MWG (-1.02%).


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