- 2024-01-18T00:00:00
- Market Commentary
* National Assembly approves the Amended Law on Credit Institutions
* National Assembly approves the Amended Land Law on January 18
* MWG: Resolution approving the capital raising plan of BHX Investment Company (BHX)
* LHG: Strong profit growth in Q4; 2023 results trail our expectations – Earnings Flash
* SZC: 2023 profits in line with our expectations – Earnings Flash
* TDM: 2023 earnings fulfil 100% of our forecast; weak Q4 2023 earnings mainly due to high financial expenses – Earnings Flash
* Vietnam Macro Note: Employment continues trending up
* Market wrap: VN-Index ticks up 0.6% on Thursday
----------------------------------------
Market wrap: VN-Index ticks up 0.6% on Thursday
On Thursday, the VN-Index ticked up 0.6% (+6.5 pts) to close at 1,169.1. The market’s gains were led by the banking sector while the real estate and food & beverage sectors also had a strong performance. There were 289 gainers, 167 laggards, and 124 stocks that were unchanged. Total trading volume fell to USD537.7mn.
* Banks BID (+1.4%), CTG (+1.1%), VPB (+1.04%), LPB (+2.96%), TCB (+1.03%), VCB (+0.2%), and MBB (+0.9%) were seven out of the top-ten contributors to the market on the day.
* Real estate firms VHM (+3.1%) and KDH (+3.8%) were the respective first and tenth top contributing stocks. VIC (+0.4%) and VRE (+1.1%) also gained.
* Food & beverage firms VNM (+0.5%), MSN (+0.2%), and SAB (+0.2%) increased while KDC (0.0%) was unchanged.
* GAS (+0.1%), retailer MWG (+2.1%), chemical company DGC (+0.4%), and jewelry chain PNJ (+0.5%) rose while technology firm FPT (-0.1%), rubber producer GVR (-0.5%), and airline VJC (-0.3%) declined.
Powered by Froala Editor