Vietcap Daily - VN-Index posts slight gain of 0.2%, surging banks have strong impact

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* Market wrap: VN-Index posts slight gain of 0.2%, surging banks have strong impact

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Market wrap: VN-Index posts slight gain of 0.2%, surging banks have strong impact

The VN-Index posted a slight gain of 0.2% (+2.3 pts) on Friday to close the trading week at 1,275.1. Multiple banks surged by more than 1%, leading the index’s gain. Throughout the index, there were 177 gainers, 242 laggards, and 71 stocks that were unchanged. Total trading volume increased compared to the previous trading day to USD664.1mn.

* Banks LPB (+6.7%), CTG (+1.6%), HDB (+3.3%), TCB (+1.2%), and VCB (+0.7%) had a strong positive impact on the market. ACB and VPB were unchanged.

* Several large-cap real estate stocks fell, including NVL (-1.9%), SIP (-2.1%), VHM (-0.7%) and VIC (-0.3%).

* Key basic materials stocks HPG (-0.6%), GVR (-0.7%), DGC (-0.5%), and DCM (-0.1%) declined for the second consecutive day.

* Other notable laggards across sectors included fish exporter VHC (-1.4%), logistics company VTP (-3.9%), telecom towerco CTR (-1.7%), and utility company POW (-1.2%).