Vietcap Daily - VN-Index ticks up 0.5% to open week

* BID: 2023 preliminary results exceed our expectations
* CTG: Preliminary results show a significant improvement in NPL ratio
* HPG: Robust construction steel sales volume in December 2023, beats forecast
* VCB: 2023 preliminary results show strong credit growth in Q4
* Macro Update: A strong rebound in Q4 lifts 2023 GDP growth to 5%
* Market wrap: VN-Index ticks up 0.5% to open week

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Market wrap: VN-Index ticks up 0.5% to open week

The VN-Index ticked up 0.5% (+5.5 pts) to open the week at 1,160.2. The market’s gains were led by the banking sector while large-cap stocks in a variety of other sectors dampened the day’s momentum. There were 273 gainers, 234 laggards, and 79 stocks that were unchanged. Total trading volume climbed to USD788.7mn.

* Banks were the primary contributors to the market's upward momentum, with six banking stocks out of the top 10 stocks influencing the VN-Index. These were BID (+4.3%), VCB (+0.7%), TCB (+2.7%), CTG (+1.9%), MBB (+0.98%), and OCB (+2.5%).

* Real estate also positively contributed as a sector. VIC (+0.6%) and its subsidiaries VHM (+0.6%) and VRE (+1.5%) increased. BCM (-0.3%) has fallen for five consecutive days.

* Food & beverage players VNM (-0.9%) and MSN (-1.9%) declined while SAB (+0.3%) slightly gained.

* Other members of the VN30 basket that decreased across sectors were GAS (-0.5%), technology firm FPT (-0.1%), rubber producer GVR (-1.4%), retail player MWG (-1.5%), airline VJC (-0.9%), and securities company SSI (-0.2%).