Vietcap Daily - VN-Index edges up 0.3% - HSG, NKG

* HSG: GPM to compress in Q4 FY24 as steel prices decline - Update

* NKG: H2 2024 GPM expected to decline amid falling steel prices - Update

* Market Wrap: VN-Index edges up 0.3%

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Market Wrap: VN-Index edges up 0.3%

The VN-Index edged up 0.3% (+3.1 pts) on Thursday to close the trading day at 1,256.4. The banks sector led the market’s gain after the index had three straight trading days of losses. Throughout the index, there were 218 gainers, 163 laggards, and 100 stocks that were unchanged. Total trading volume plunged compared to the previous trading day to USD427.5mn. 

* Seven of the top-ten stocks lifting the index were from the banks sector. These were VCB (+1.2%), VPB (+1.4%), TCB (+0.9%), ACB (+1.2%), VIB (+1.7%), TPB (+1.7%), and MBB (+0.4%). LPB (-0.3%) and HDB (-0.6%) declined.  

* In real estate, NVL (-3.8%) dropped significantly, and VIC (-0.2%), VRE (-0.5%), and KDH (-0.4%) declined. VHM (+0.2%) increased while BCM (0.0%), KBC (0.0%), and PDR (0.0%) were unchanged.  

* Some of the notable gainers in other sectors were rubber producer GVR (+1.3%), tech company FPT (+1.3%), telecom towerco CTR (+1.1%), and airline VJC (+0.3%).  

* Laggards from other sectors were steel maker HPG (-0.99%), oil & gas company PLX (-0.9%), securities companies SSI (-0.8%), retailers MWG (-0.4%) and FRT (-0.9%), and airline HVN (-0.7%).

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