July, 1 2024: VN-Index picked up amid sluggish trading activities (VN-Index +0.74%)

• VN-Index opened with caution due to the drop from the previous session. The liquidity was mild and the seller presented a better outcome.
• The Technology, Real Estate, and Industrial Goods & Service sectors contributed to the dip of the market.
• However, the buyer soon took over in the afternoon as Vietnam’s economic readings in June showed favorable outcomes. Specially, the PMI indicators accelerated to 54.7 from 50.3 in the previous month.
• The Retail and Banking sectors were the main growth drivers of the Index at the end.
• Market breadth included 276 increasing, 141 decreasing, and 62 unchanged stocks.
• Liquidity decreased by 37% to VND 13.1 billion.

VN-30 followed the market’s upward movement (VN-30 +0.56%)

• The basket recorded 22 increasing, 7 declining, and 1 stocks staying the same.
• VRE (+6.85%), MWG (+5.45%), and CTG (+3.23%) lifted the market
• On the other hand, TCB (-3.00%), POW (-2.35%), and FPT (-1.46%) narrowed the Index.

Sectors and stocks daily highlights

• VJC (-0.79%) approved the plan to issue VND 2,000 billion in private corporate bonds with a par value of VND 100,000 for each bond. The issuance will be conducted from 2Q2024 to 4Q2024.
• PHR (-0.17%) released the 2024 Annual General Meeting Minutes and Resolution. The parent company plans to achieve VND 1,455 billion (-10.1% YoY) in revenue and VND 245 billion (-46.8% YoY) in profit after tax for 2024. The firm also approved paying dividends by cash at the rate of 30% of the charter capital which is equivalent to VND 406.5 billion.
• Foreign investors had a net selling session with VND 789.7 billion. FPT (-1.46%) and FUEVFVND (+0.12%) had the most net selling value with more than VND 200 billion each stock. Meanwhile, the value of net-bought stocks was insignificant.

＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

【Disclaimer】

This material has been prepared by Japan Securities Co., Ltd. (JSI) for the purpose of providing investors with relevant information. JSI makes no representation or warranty regarding the completeness and accuracy of such information. This material is provided, for information purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction.

We are not responsible for any errors or omissions or for the results obtained from the use of such information.

This note is confidential and is being supplied only to you solely for your information and may not be reproduced, redistributed, or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose.

In the United States, this report is intended for distribution solely to major Institutional Investors as defined in Rule 15a-6 under the Securities Exchange Act of 1934.

Japan Securities Co., Ltd. is a financial instruments dealer registered with SSC(State Securities Commission of Viet Nam): Registration Number 103/UBCK-GP, and a member of HNX( Hanoi Stock Exchange), HOSE(Hochiminh Stock Exchange) & VSD(Vietnam Securities Depository), and is registered address is  Suite 701, Tower 1, Capital Place, 29 Lieu Giai, Ngoc Khanh, Ba Dinh,  Hanoi, Vietnam.

July,_01_2024__Daily_Recap_Report_EN