July, 9 2024: VN-Index rose to close nearly at 1,300 pt (VN-Index +0.79%)

• VN-Index opened higher today.
• While stock price adjustments continued, particularly in large-cap stocks, small and mid-cap stocks supported the overall market. These movements were particularly visible in the morning.
• The risk-on attitude then spread to large-cap stocks. Buying was seen in a wide range of stocks in the afternoon, and the uptrend continued towards the end of trading.
• The Chemical and Insurance sectors were the main drivers, while the Travel & Leisure and Technology sectors weighed.
• Market breadth included 295 winners, 155 losers, and 63 unchanged.
• Liquidity increased by 9.5% to VND 21.8 trillion.

VN-30 turned up in the afternoon   (VN-30 +0.45%)

• The basket saw 25 increasing stocks and 5 decreasing stocks.
• GVR (+4.11%), HDB (+3.48%), BCM (+3.25%), and BVH (+2.59%) were the stocks up over 2%.
• FPT (-1.50%), PLX (-1.08%), TCB (-0.43%), MWG (-0.30%), and VNM (-0.15%) fell.

Sectors and stocks daily highlights

• The Japan Bank for International Cooperation (JBIC) announced a co-financing for the “Block B” gas field project in Vietnam yesterday. The total loan amount is about USD800 million. Therefore, this somewhat pushed VIP (+6.94%) to the ceiling price, as it was yesterday.
• Local media again reported that “direct power purchase agreements (DPPA)” for renewable energy became available from the 3rd of this month, and PC1 (+6.94%) and others were in the spotlight.
• Foreign investors net sold VND463 billion. HDB (+3.48%) was the most net bought, a turnaround from yesterday. On the other hand, FPT (-1.50%) was the most net sold, followed by MSN (+0.39%).

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July,_09_2024__Daily_Recap_Report_EN