Vietcap Daily - VN-Index surges 1.3%, large-cap stocks lead way - NT2, PNJ, TDM, VEA, PVS
  • 2024-11-06T00:00:00
  • Market Commentary

* Trade and production remain solid in October
* NT2 to delay second tranche of 2023 cash dividend of VND800/share
* PNJ’s Q3 2024 Analyst Meeting: Navigating challenges in raw material procurement for outperformance
* TDM: 10M 2024 sales volume slightly below expectations
* VEA to pay 2023 cash dividend of VND5,035/share
* PVS: Earnings to accelerate from Q4 on substantial M&C backlog - Update
* Market wrap: VN-Index surges 1.3%, large-cap stocks lead way


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Market wrap: VN-Index surges 1.3%, large-cap stocks lead way

The VN-Index surged 1.3% (+15.5 pts) on Wednesday to close the trading day at 1,261.3. Large-cap stocks across sectors saw their share prices rise, with no members of the VN30 group losing value. Throughout the index, there were more than five times the number of gainers (312) as the number of laggards (61), while 56 stocks were unchanged. Total trading volume sharply increased compared to the previous trading day to USD559.3mn.

* In real estate, industrial park developers KBC (+6.9%) and SIP (+6.9%) shot up, while BCM (+2.4%), VIC (+1.2%), VRE (+1.7%), and KDH (+1.4%) surged.  

* Banks BID (+1.4%), CTG (+2.4%), TCB (+1.9%), MBB (+1.6%), and ACB (+1.4%) posted strong gains. * Some of the other notable stocks positively affecting the index included rubber producer GVR (+5.1%), steel maker HPG (+1.7%), tech company FPT (+1.5%), utility company GAS (+0.7%), and food & beverage conglomerate MSN (+1.5%).  

* Airline HVN (-1.1%) and consumer foods producer KDC (-1.6%) declined and retailer MWG and utility company PGV were unchanged.


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