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Vietcap Daily - VN-Index climbs up 1.2% led by banks and real estate stocks - FPT, HPG, VEA

Market Commentary

06 Nov 2023

Vietcap Daily - VN-Index climbs up 1.2% led by banks and real estate stocks - FPT, HPG, VEA 

* FPT announced its acquisition of product services firm Cardinal Peak
* HPG: October 2023 sales volume in-line with forecast
* VEA to pay 2022 cash dividend of VND4,187/share on December 20, 2023
* Q3 2023 Banking Earnings Wrap-up: Slow credit growth and high NPL formation pressures NIM
* Market wrap: VN-Index climbs up 1.2% led by banks and real estate stocks


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Market wrap: VN-Index climbs up 1.2% led by banks and real estate stocks

On Monday, the VN-Index increased by 12.9 points to close the session at 1,089.6 (+1.2%). This is the fourth consecutive session that the index has made gains. The sectors with the most positive impact on the market were banks and real estate. Total trading volume decreased from the previous session to USD579.4mn.  

* VCB (+0.7%), BID (+0.7%), VPB (+5.1%), and CTG (+1.9%) all rebounded from last Friday’s losses to help raise the index.  

* In real estate, VIC (+1.2%), its subsidiary VHM (+1.2%), and BCM (+1.5%) climbed.  

* Steel producer HPG (+2.6%) surged after falling in the previous trading session.

* GAS (-0.1%) was the day’s top contributing laggard.


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