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Vietcap Daily - VN-Index inches up 0.07% - STB, VIC

Market Commentary

12 Oct 2023

* STB announces 9M 2023 preliminary results, lagging behind our expectations

* VIC: VinFast (Nasdaq: VFS) to merge with VIC’s battery arm VinES

* Vietnam Residential Real Estate: Key takeaways from real estate agents’ comments on Q3 2023 – Sector Flash

* Market wrap: VN-Index inches up 0.07%


Market wrap: VN-Index inches up 0.07% 

For the fifth day running, the VN-Index made gains as it closed at 1,151.61, an increase of 0.07%. Total trading value recovered after Wednesday’s plunge to finish the day at USD590.7mn. 

* After a three-day rise, bank VCB (-0.6%) dampened the market’s upward movement.  

* The rest of the banking sector had mixed results. VPB (+0.2%) and CTG (+0.3%) have continued to climb throughout the week, while BID also saw an increase of 0.4%. However, TCB (-0.3%) and MBB (-0.8%) performed less favorably. 

* Vinhomes (VHM) gained 0.3% while its parent company, VinGroup (VIC), surged 2.3% to have a strong, positive impact on the market.  

* GAS went unchanged after sliding for three days and steel producer BPD fell by 1.5%.

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