Vietcap Daily - VN30 stocks drag VN-Index down 0.9% - FPT, VNM, BWE, TDM, DHC, TPB
  • 2023-11-07T00:00:00
  • Market Commentary

* FPT - Analyst Meeting Note: FPT expects to maintain strong growth amid economic uncertainties

* VNM - Analyst Meeting Note: Expect double-digit YoY growth in Q4 2023 net profits

* Vietnam Earnings Update: Modest downside risk to FY 2023 earnings forecasts

* Macro Update: FDI registrations reach highest monthly level since December 2019

* Water Sector Update: Slow economic recovery to weigh on 2024 water consumption 

* DHC: First signs of recovery in paper prices - Update

* TPB: Facing challenges due to declining credit quality - Update

* Market wrap: VN30 stocks drag VN-Index down 0.9%

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Market wrap: VN30 stocks drag VN-Index down 0.9%

The VN-Index decreased by 9.4 points on Tuesday to close at 1,080.3, halting a four-day growth streak. The index was weighed down by bank and real estate stocks, as well as other VN30 names, in a reversal of yesterday's performance. Total trading volume dropped to USD517.7mn. 

* In the bank sector, VCB (-1.3%) plunged, VPB (-0.5%) inched down, while BID (0.0%) and CTG (0.0%) were unchanged. 

* Real estate tickers VIC (-0.1%), VHM (-2.4%), VRE (-3.5%), and BCM (-2.0%) all dropped. 

* GAS (-0.3%) fell for the third straight session. 

* HPG (+0.2%) gained for consecutive days. 

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