Vietcap Daily - VN-Index ticks up 0.5%

* Securities Sector: Remove prefunding requirement for foreign institutional investors
* CTR announces timeline for executing FY2023 cash dividend
* PLX: Preliminary 8M 2024 PBT flat YoY, slightly lower than our expectation
* PNJ’s preliminary 8M 2024 results: NPAT growth decelerates to 3% YoY
* Market Wrap: VN-Index ticks up 0.5%

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Market Wrap: VN-Index ticks up 0.5%

The VN-Index ticked up 0.5% (+5.95 pts) on Wednesday to close the trading day at 1,264.9. There were four banks in the top-ten stocks raising the index and the financial services sector had a strong performance overall. Throughout the index, there were 231 gainers, 148 laggards, and 87 stocks that were unchanged. Total trading volume shot up compared to the previous trading day to USD749.9mn.

* CTG (+2.2%), VCB (+0.6%), BID (+0.7%), and TCB (+1.1%) were the banks mentioned above. LPB (-0.3%) declined and VPB (0.0%) was unchanged.

* Multiple financial services companies posted strong gains including SSI (+2.1%), VND (+1.0%), HCM (+3.97%), and VCI (+1.02%).

* In real estate, VHM (-0.2%), VIC (-0.6%), VRE (-1.3%), and KDH (-0.8%) fell. NVL (+0.9%) gained and BCM (0.0%) was unchanged.

* Notable gainers in other sectors were tech company FPT (+1.3%), utility company GAS (+0.6%), retailer MWG (+2.1%), telecom towerco CTR (+6.98%), and airline HVN (+4.8%).