July, 3 2024: VN-Index continues to gain strongly (VN-Index +0.56%)

• Continuing yesterday’s strong trend, VN-Index started higher.
• Investor sentiment was favorable thanks to the record highs of major US indexes and the willingness of major South Korean companies to invest in Vietnam on the occasion of the visit of the Vietnamese Prime Minister.
• Although there was a temporary decline in the index in the morning, the index soon began to buy back. In the afternoon, the index extended its gains and eventually closed near its highs.
• The technology and oil & gas sectors led the gains.
• Market breadth included 242 winners, 161 losers, and 80 unchanged.
• Liquidity increased by 11.3% to VND15.5 trillion.

VN-30 also continued its uptrend (VN-30 +0.73%)

• The basket recorded 20 increasing stocks, 6 decreasing stocks, and 4 stocks staying the same.
• POW (+4.14%), BID (+3.17%), TCB (+2.62%), and FPT (+2.34%) were the main drivers.
• VRE (-1.84%), BVH (-1.26%), MWG (-0.76%), VIC (-0.60%), VIB (-0.23%) and VHM (-0.13%) fell.

Sectors and stocks daily highlights

• KHP (+2.10%) amended the minutes and resolutions of the 2024 AGM. The amendments include a slight revision to the 2024 business plan, with a total revenue of VND6580 billion and total costs of VND6530 billion.
• GMD (+0.86%) will finalize the list of beneficiaries of its 2023 cash dividend on 16 July. The total amount is over VND682 billion, with a payment date of 16 August.
• Foreign investors net sold by VND536 billion. This is the 20th consecutive business day of net selling. VRE (-1.84%) was particularly heavily net sold today, falling by over 3% at times. On the other hand, BID (+3.17%) was the most net bought.

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July,_03_2024__Daily_Recap_Report_EN