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Vietcap Daily - VN-Index plunges 2.2% to close out week - DCM, DPM, MWG, VIC

Market Commentary

17 Nov 2023

* Power Sector: Weak CGM prices despite robust YoY growth of electricity production in October 2023
* Urea Sector Update: Marginally higher urea price outlook in 2024
* MWG: Lower forecast trajectory for margin recovery - Update
* VIC: Solid property sales, increased EV sales, high debt maturity - Update
* Market wrap: VN-Index plunges 2.2% to close out week


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Market wrap: VN-Index plunges 2.2% to close out week

After three consecutive positive trading sessions, the VN-Index plunged by 24.3 points to 1,101.2 (-2.2%) on Friday. Numerous blue-chip stocks plummeted in the session to drag the market down. Total trading volume soared to USD1.0bn.  

* VCB (-2.7%) had by far the most negative effect on the market while BID (-1.9%), VPB (-3.02%), and CTG (-1.8%) also dragged the session down.  

* VIC (-6.4%) as well as its subsidiaries VHM (-5.4%) and VRE (-4.4%) dropped sharply.

* MSN (-2.9%) and SAB (-0.8%) fell after a three-day streak of gaining. VNM (-0.4%) decreased for a second straight day.  

* GAS (-1.6%) and HPG (-2.6%) dropped. 

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