Vietcap Daily - VN-Index ticks up 0.5% - PC1, POW, REE, TV2, HDG, MSN
  • 2024-11-25T00:00:00
  • Market Commentary

REE, PC1, HDG, TV2, and GEX

* Power Sector: National Assembly to vote on Amended Electricity Law on November 30; slightly positive for covered stocks
* PC1: Deputy PM grants investment approval for third IP in 2024 for PC1’s associated industrial park company
* POW: Signs cooperation agreement with VIC on rooftop solar, EV station development
* REE: Change in Chairman, CEO
* TV2: TV2, H&M sign renewable energy deal under DPPA mechanism
* HDG: Charm Villas sales to boost 2025F earnings - Update
* MSN: Double-digit growth in consumer earnings to continue - Update
* Market wrap: VN-Index ticks up 0.5%

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Market wrap: VN-Index ticks up 0.5%

On Monday, the VN-Index ticked up 0.5% (+6.6 pts) to close the trading day at 1,234.7. Throughout the index, there were 223 gainers, 135 laggards, and 94 stocks that were unchanged. Total trading volume declined compared to the previous trading day to USD468.1mn.

* In the banks sector, VCB (+1.3%) and STB (+1.1%) surged, BID (-0.3%), MBB (-0.2%), and ACB (-0.2%) declined, and TCB, VPB, HDB, and LPB were unchanged.  

* In real estate, VHM (+1.7%), VIC (+1.4%), KBC (+1.3%), and SIP (+1.9%) posted strong gains. BCM (-0.2%) and KDH (-0.3%) edged down.  

* The utility sector saw sharp increases in value for POW (+6.6%), REE (+3.4%), PGV (+1.6%), and NT2 (+2.4%).  

* Some of the noteworthy gainers from other sectors included food & beverage conglomerate MSN (+1.7%), steel maker HPG (+0.8%), beer maker SAB (+0.9%), airline HVN (+2.4%), electrical equipment manufacturer GEX (+3.6%), and logistics company VTP (+2.9%).

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