Vietcap Daily - VN-Index ticks up 0.3% to finish week - LPB, DXG, DXS, KDH, NLG, VHM, DPR
  • 2024-05-17T00:00:00
  • Market Commentary

* LPB:  Approved for new right issuance plan
* Vietnam Residential Developers: Presales to improve through 2024
* DPR: Rubber sales to recover, IP bottleneck resolved - Visit Note
* Market wrap: VN-Index ticks up 0.3% to finish week


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Market wrap: VN-Index ticks up 0.3% to finish week

The VN-Index ticked up 0.3% (+4.3 pts) on Friday to finish the week at 1,273. This is the fourth consecutive trading day that the index has gained. The market’s upward trajectory was led by stocks from various sectors while the banks sector exerted the most downward pressure. In total, there were 234 gainers, 176 laggards, and 96 stocks that were unchanged. Total trading volume increased to USD907.7mn.

* Four banks were among the ten stocks most negatively affecting the index. These were VCB (-0.9%), BID (-0.5%), MBB (-0.6%), and TCB (-0.3%). VPB (0.0%), ACB (0.0%), and VIB (0.0%) were unchanged. HDB (+0.4%) gained and LPB (+5.5%) jumped.

* The real estate sector had a strong performance as VHM (+1.5%), VRE (+1.9%), VIC (+0.2%), BCM (+1.2%), and DIG (+1.9%) saw their share prices increase.  

* Three of the trading day’s leaders came from the food & beverage sector. These were conglomerate MSN (+4.3%), fruit farmer HAG (+6.96%), and beer brewer SAB (+1.04%). Leading stocks from other sectors were rubber producer GVR (+2.5%) and financial services companies VND (+4.04%) and EVF (+6.8%).

* Some notable laggards were technology company FPT (-0.7%), airline HVN (-1.4%), utility GAS (-0.3%), retailer MWG (-0.5%), and milk producer VNM (-0.3%).


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