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Vietcap Daily - VN-Index inches down as trading turnover drops - VPB

Market Commentary

28 Sep 2023

* Energy Sector: Brent crude approaches USD100/bbl amid tight supply concerns

* Urea Sector: Domestic urea prices surge due to China’s urea export restriction

* VPB: Son of VPB’s chairman registers to buy 70 million shares

* Market wrap: VN-Index inches down as trading turnover drops

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Market wrap: VN-Index inches down as trading turnover drops

The VN-Index edged down by a tenth of a percent on Thursday as investors exhibited caution and trading turnover on HOSE dropped to VND15.9tn (USD651.6mn). 

* VNM (-2.3%) was the top contributor to the day’s loss. 

* Banks SSB (-4.8%), STB (-3.3%), EIB (-3.9%) and ACB (-1.1%) finished lower. On the other hand, TCB (+3.2%) advanced. 

* Vingroup subsidiaries VHM (-1.3%) and VRE (-2.5%) declined.  

* Oil & gas stocks GAS (+2.9%) and PLX (+3.3%) experienced strong gains. 

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