- 2024-02-05T00:00:00
- Company Research
* HPG: January 2024 sales post strong YoY growth from low base
* POW: Strong volume growth of Vung Ang & Ca Mau to outweigh weak volume from NT2 in 2024 - Update
* PVT: Further significant fleet expansion to drive earnings growth - Update
* TPB: Lower pressure from bad debts, better outlook in 2024F - Update
* Market wrap: VN-Index advances 1.2% as several banks surge
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Market wrap: VN-Index advances 1.2% as several banks surge
The VN-Index advanced 1.2% (+13.5 pts) on Monday to close at 1,186.1 as several banking stocks surged by more than 2%. In the index, there were 270 gainers, 212 laggards, and 72 stocks unchanged. Total trading volume decreased to USD787.9mn.
* Banking was the standout sector in the trading day, with eight banks finding a place in the ten most positively contributing stocks to the market. CTG (+6.9%), ACB (+5.9%), MBB (+5.5%), TCB (+3.95%), and BID (+3.7%) posted the largest gains. VCB (-0.3%) was the only decliner.
* Rubber producer GVR (+1.8%) and technology firm FPT (+1.5%) rounded out the top-ten performers.
* Other notable gainers were milk producer VNM (+0.9%), real estate company KDH (+1.2%), securities firm VND (+1.8%), and oil & gas company PVD (+1.6%).
* Some noteworthy decliners were real estate companies VRE (-2.2%) and BCM (-1.6%), food & beverage firm MSN (-0.8%), and construction & materials company VGC (-1.5%).
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