Vietcap Daily - VN-Index ticks up 0.4% to close week - FPT, MWG, FRT, SSI, VTP
  • 2024-03-23T00:00:00
  • Market Commentary

* FPT's 2M 2024 results: Robust 27% YoY growth in global IT PBT leads to double-digit bottom-line growth
* MWG’s preliminary 2M 2024 results: Top line grows 14% YoY; BHX’s sales/store remain at nearly VND1.8bn
* FRT: Broadening healthcare reach with vaccination services - Update
* SSI: High 2024F ATDV to support brokerage, margin lending - Update
* VTP: Refocus on core businesses but valuation demanding - Update
* Market wrap: VN-Index ticks up 0.4% to close week


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Market wrap: VN-Index ticks up 0.4% to close week

On Friday, the VN-Index ticked up 0.4% (+5.4 pts) to finish the trading day at 1,281.8. The most influential stocks lifting the market came from a range of industries while banks was the overall leading sector. Throughout the index, there were 248 gainers, 231 laggards, and 77 stocks that were unchanged. Total trading volume jumped to USD1.4bn.  

* Among banks, BID (+2.3%), VCB (+1.3%), CTG (+2.3%), and MBB (+1.2%) were the sector leaders. TCB (-0.4%), HDB (-0.4%), and VIB (-0.4%) edged down.  

* Basic materials was the second leading sector. Steel makers HPG (+1.0%) and HSG (+2.4%), chemical company DGC (+0.5%), and fertilizer producer DCM (+0.7%) saw gains, while interior decoration materials manufacturer ACG (-1.7%), plastic packages producer AAA (-1.4%), rubber producer DPR (-1.6%), and fertilizer producer BFC (-2.6%) lost value.

* The technology sector experienced the most significant decline. FPT (-1.1%), SGT (-1.6%), ELC (-0.6%) and ITD (-1.9%) decreased.

* Real estate had a mixed performance as VHM (-0.2%) and VRE (-0.9%) slid and parent company VIC (+0.2%) increased, KBC (+3.5%) and PDR (+2.4%) surged, and BCM (0.0%) and NVL (0.0%) were unchanged.

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