Vietcap Daily - Afternoon rally lifts VN-Index up 1.1% - PVS, GEX, GVR, HVN, SIP, VTP

* Job cutting ended after a seventh-month period
* PVS: Block B certain to receive FID late this year or H1 2024 - Update
* GEX: Solid Q3 performance due to strong IP leasing, significant recovery of electrical equipment - Earnings Flash
* GVR: Q3 revenue recovers but margin continues declining QoQ - Earnings Flash
* HVN: Remains unprofitable despite revenue recovery - Earnings Flash
* SIP: 9M earnings behind our forecast; cash inflow from IP land sales meets expectation -
* VTP: Profitability improvement continues in Q3 2023 - Earnings Flash
* Market wrap: Afternoon rally lifts VN-Index up 1.1%

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

Market wrap: Afternoon rally lifts VN-Index up 1.1%

The VN-Index inched up 1.1% on Wednesday, closing at 1,039.7. The market was down in the morning and early afternoon periods but selling pressure eased in the late afternoon to lift the session. Overall, 319 codes gained, 177 codes declined, and 71 went unchanged. Total trading volume increased to USD523.7mn.  

* VCB (+1.2%) boosted the session while other large-cap banks BID (-0.5%), VPB (-1.0%), and CTG (-1.1%) lagged.

* In real estate, VHM (-1.4%) hasn’t gained in the last five sessions as parent company VIC (+0.3%) edged up. BCM (-1.0%) dropped.  

* The food & beverage sector had a strong day, with VNM (+3.5%), MSN (+2.2%), and SAB (+1.2%) all gaining.  

* GAS (+0.4%) made a marginal gain and HPG (+4.1%) surged. 

Powered by Froala Editor