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Vietcap Daily - VN-Index drops 1.4% as large-cap tickers slide - PHR, PTB, SSI, STK

Market Commentary

19 Oct 2023

* PHR: Scheduled IP land sales handover drives Q3 earnings - Earnings Flash

* PTB: Q3 2023 results disappoint - Earnings Flash

* SSI: Strong market liquidity supports Q3 2023 results - Earnings Flash

* STK: Core business in line while FX losses dent earnings - Earnings Flash

* Market wrap: VN-Index drops 1.4% as large-cap tickers slide

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Market wrap: VN-Index drops 1.4% as large-cap tickers slide

On Thursday, the VN-Index fell by 1.4% as large-cap stocks continued to weigh on the market, with only four members of the VN30 Index advancing. The market closed at 1,087.9 points, its lowest level in four months.  

* VCB (-1.6%) was the top contributor to the day’s loss. Most banks were down including VPB (-4.7%) and TCB (-1.9%), while BID (+0.5%) and CTG (+0.9%) bucked the trend to finish in the green.  

* Vinhomes (VHM, -1.9%) and parent company VinGroup (VIC, -1.4%) have trended downwards for the last five sessions.  

* In the food & beverage sector, VNM (-3.4%) and MSN (-2.8%) dropped as SAB (0.0%) went even.  

* GAS (-1.3%) fell for the third straight day.

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