Vietcap Daily - VN-Index inches up 0.2%

* PVD: Preliminary NPAT before MI in line with expectations
* Market wrap: VN-Index inches up 0.2%

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Market wrap: VN-Index inches up 0.2%

On Friday, the VN-Index inched up 0.2% (+2.8 pts) to close the trading week at 1,257.5. The market’s gain was fueled by a diverse group of stocks, led by airline HVN (+6.9%). Penny stocks gained significant attention today, as momentum trading drove many sub-VND 10,000 tickers to hit their intraday ceiling prices. Throughout the index, there were 238 gainers, 149 laggards, and 74 stocks that were unchanged. Total trading volume dropped compared to the previous trading day to USD530.5mn.

* Among banks, VCB (+0.1%), TCB (+0.4%), and MBB (+0.6%) gained; CTG (-0.1%), VPB (-0.3%), and HDB (-0.4%) declined; and BID, ACB, and LPB were unchanged.

* Large-cap real estate stocks performed well, including VHM (+0.4%), VIC (+0.5%), BCM (+1.8%), and KDH (+0.7%). VPI (-3.1%) plunged.

* Milk producer VNM (+1.7%), tech company FPT (+0.9%), retailer MWG (+1.3%), and logistics company VTP (+1.6%) were among the noteworthy gainers across the index.

* Steelmaker HPG (-0.6%), oil & gas companies PLX (-1.0%) and PVD (-1.2%), beer producer SAB (-0.7%), and insurance company BVH (-2.3%) were some of the noteworthy decliners from other sectors.