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Vietcap Daily - VN-Index edges up 0.2% - BWE, TDM, CTG, HDB, PLX, PNJ, GEX, GMD, PVD

Market Commentary

20 Nov 2023

* Water Sector: Preliminary 10M 2023 results of BWE & TDM broadly in line with our forecasts
* CTG finalizes record date for stock dividend of 11.7415%
* HDB: Announcement of internal transactions
* PLX: New petroleum regulation could have slight positive impact on petroleum distributors
* PNJ’s 10M 2023 Results: Net profit up 3% YoY in 10M, retail sales surge 38% MoM in October
* GEX: Power divestment gain to boost 2024F reported earnings - Update
* GMD: Strong recovery in port business projected in 2024F - Update
* PVD: NPAT-MI to more than double YoY in 2024F - Update
* Market wrap: VN-Index edges up 0.2%


Market wrap: VN-Index edges up 0.2%

On Monday, the VN-Index edged up by 2.5 points (+0.2%) to open the week at 1,103.7. There were mixed results across sectors as the session closed with 203 gainers, 314 laggards, and 98 stocks going unchanged. Total trading volume sharply decreased from last Friday to USD701.8mn.

* VCB (+0.6%), BID (+0.6%), and VPB (+1.0%) helped boost the session into positive territory. Fellow banks CTG (-0.5%), TCB (-0.5%), and MBB (-1.1%) fell.  

* Real estate stocks were mostly up but the only blue-chip gainer among them was VIC (+1.2%). VHM (0.0%) and BCM (0.0%) were flat while VRE (-1.1%) decreased.  

* MSN (-0.8%) and SAB (-1.1%) dropped for consecutive sessions and VNM (-1.0%) declined for a third straight day.  

* GAS (-0.5%) fell and HPG (+0.6%) rebounded slightly from its fall in the previous session. 

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