Vietcap Daily - VN-Index slides 0.4% on Monday - PTB, PVS, NLG, CMG
  • 2024-10-21T00:00:00
  • Market Commentary

* PTB’s Q3 2024 preliminary results – wood segment continues driving growth
* PVS: 9M 2024 preliminary PBT shows robust growth of 11% YoY
* NLG: Q3 net loss due to low number of scheduled handovers; Akari City Phase 2 and Can Tho to start handovers in Q4 - Earnings Flash
* Modern Grocery Retail Sector: Minimarts to dominate modern grocery retailing in Vietnam
* CMG: Global IT, Digital Infrastructure driving strong growth - Company Report
* 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 0.4% (-5.7 pts) to close the trading day at 1,279.8. The index’s decline was led by bank stocks. Throughout the index, there were 99 gainers, 287 laggards, and 46 stocks that were unchanged. Total trading volume declined compared to the previous trading day to USD565.4mn.

* Six of the top-ten stocks that pushed the market down were banks CTG (-2.1%), BID (-1.3%), VCB (-0.4%), TCB (-1.2%), ACB (-1.2%), and MBB (-0.8%). VPB (+0.5%) gained.  

* In real estate, VHM (+5.6%), VIC (+1.1%), and VRE (+1.9%) surged. BCM (-1.5%), KDH (-0.9%), and KBC (-1.6%) sharply declined.  

* Basic materials stocks posted poor performances as rubber producer GVR (-1.8%), steel maker HPG (-1.1%), and chemical companies DGC (-0.9%) and DCM (-1.5%) dropped.  

* Other notable laggards across sectors included tech company FPT (-1.1%), beer maker SAB (-1.4%), airline VJC (-0.9%), oil & gas company PLX (-1.8%), and securities company SSI (-1.7%).


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