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Vietcap Daily - VN-Index dips 0.3% - CTR, DRC, PTB, QTP, TCB

Market Commentary

21 Jan 2025

* Tanker Sector: Tanker rates surge amid US sanctions on Russian oil; company Q4 results

* CTR announces 2024 PBT growth of 4% YoY, guides for 2025 PBT growth of 7% YoY

* DRC guides for PBT marginally increasing 3% YoY in Q1 2025

* PTB: Earnings trail expectations - Earnings Flash 

* QTP: Reported NPAT-MI slightly below forecast due to weak Q4 volume - Earnings Flash

* TCB: Strong credit growth, NIM compresses QoQ - Earnings Flash and AM Notes

* Market wrap: VN-Index dips 0.3%

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Market wrap: VN-Index dips 0.3%

The VN-Index dipped 0.3% (-3.5 pts) on Tuesday to close the trading day at 1,246.1. The banks sector had the most pronounced effect on the index’s decline. Throughout the index, there were 147 gainers, 240 laggards, and 88 stocks that were unchanged. Total trading volume increased compared to the previous trading day to USD455.2mn.

* Banks VCB (-0.3%), TCB (-0.8%), HDB (-1.5%), BID (-0.3%), and TPB (-1.2%) were among the top ten stocks weighing on the index. LPB (+0.6%) and STB (+0.3%) gained. 

* The real estate sector performed poorly, as BCM (-0.6%), KDH (-0.4%), NVL (-0.1%), and KBC (-0.7%) edged down and SIP (-1.5%) and PDR (-2.1%) plunged. 

* Basic materials stocks HPG (-0.6%), GVR (-1.1%), DGC (-0.8%), and DCM (-0.3%) posted losses. 

* Other gainers of note from other sectors included utility company GAS (-0.9%), airline HVN (-1.7%), beer producer SAB (-0.9%), and oil & gas company BSR (-3.8%).

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