* Banking Sector: New circular to adjust credit risk weight for several prioritized segments
* Water Sector: BWE’s 2023 preliminary NPAT slightly trails our forecast, while TDM’s 2023 preliminary NPAT completes 100% of our forecast
* DCM’s EGM: 5% VAT imposed on fertilizers to lift earnings by ~10%
* Market wrap: VN-Index edges up 0.3% on banking sector gains

----------------------------------------

Market wrap: VN-Index edges up 0.3% on banking sector gains

The VN-Index recouped its losses from the previous day by edging up 0.3% (+2.95 pts) on Wednesday and closing at 1,161.5. The market’s gains were led by the banking sector while large-cap stocks declined in a variety of other categories. There were 195 gainers, 309 laggards, and 69 stocks that were unchanged. Total trading volume sharply increased to USD851.9mn.  

* Five banks had the most positive effect on the market. These were: VCB (+1.9%), BID (+2.9%), CTG (+3.3%), VPB (+2.4%), and TPB (+4,2%). TCB (-0.3%) and SSB (-0.2%) were the only large-cap decliners in the sector.  

* Real estate stocks were down across the board with VIC (-0.7%), VHM (-0.7%), VRE (-0.2%), BCM (-0.7%), KBC (-1.9%), and KDH (-2.3%) as some of the notable laggards. BCM has declined for seven consecutive trading days.  

* In the oil & gas sector, GAS (-0.5%) declined for the third straight trading day, PVS (-0.8%) fell, and PLX (+0.6%) and PVD (+0.8%) gained.  

* In other sectors, steel maker HPG (-1.3%), technology firm FPT (-1.97%), retail player MWG (-1.1%), and airline VJC (-0.8%) decreased and rubber producer GVR (+0.9%) increased.

Powered by Froala Editor