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Vietcap Daily - Financial sector slumps, VN-Index drops 1.1% - PLX, PNJ

Market Commentary

21 Sep 2023

* Domestic gasoline prices increase due to rising global prices

* PLX: Preliminary 8M 2023 results beat our expectations

* PNJ’s 8M 2023 Results: Net profit remains flat YoY in 8M 2023, but wholesales improve MoM in August

* Market wrap: Financial sector slumps, VN-Index drops 1.1%

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Market wrap: Financial sector slumps, VN-Index drops 1.1%

On Thursday, the VN-Index tumbled by 1.1%, nearly wiping out its gain from the previous day as several tickers in the financial sector fell sharply. 

* Banks were down across the board, led by VCB (-1.1%), BID (-1.1%), CTG (-1.0%) and VPB (-1.1%) 

* Securities brokerages SSI (-4.7%), VND (-4.2%), HCM (-3.1%), VIX (-3.5%) and VCI (-5.6%) suffered heavy losses. 

* VIC (-2.4%) and its subsidiary VHM (-1.0%) both dropped following their gains on Wednesday. 

* MWG (-2.9%) and FPT (-1.7%) decreased. 

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