Vietcap Daily - VN-Index posts loss of 0.99% - BID, TV2

* Macro Update: Trade surplus hits highest level in four years

* BID: Delaying timeline for private placement to 2025F - Update

* TV2: Expecting strong earnings growth yet valuation looks full - Update

* Market Wrap: VN-Index posts loss of 0.99%

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Market Wrap: VN-Index posts loss of 0.99%

On Tuesday, the VN-Index posted a loss of 0.99% (-12.5 pts) to close the trading day at 1,255.2. Half of the top-ten stocks putting downward pressure on the index were from the banks sector. Throughout the index, there were more than three times as many laggards (320) as gainers (94), while 64 stocks were unchanged. Total trading volume jumped compared to the previous trading day to USD632.3mn. 

* The five banks mentioned above were VCB (-1.3%), BID (-1.1%), SSB (-6.1%), TCB (-1.8%), and CTG (-1.4%). LPB (+0.5%) gained.  

* In real estate, VIC (-1.6%), VRE (-4.5%), and NVL (-3.8%) plunged and VHM (-0.5%) declined. BCM (+0.4%) posted a gain.  

* Noteworthy gainers in other sectors were milk producer VNM (+0.1%), retailer MWG (+0.4%), airline VJC (+1.2%), and fish exporter VHC (+0.6%).  

* Other standout laggards were steel maker HPG (-1.8%), tech company FPT (-0.99%), rubber producer GVR (-1.2%), utility company GAS (-0.7%), beer producer SAB (-1.6%), and insurance company BVH (-1.6%).

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