August, 20 2024: VN-Index continued its strong momentum (VN-Index +0.87%)

• Keeping a momentum of recent trading days, VN-Index opened high above the reference mark and maintained its gain in the morning.
• Some blue chip stocks in the Bank sector contributed to push the Index up, while the Oil & Gas sector did not go well.
• The positive sentiment was taken over even in the afternoon. Buying pressure was still strong and led the Index higher level toward the end.
• The Travel & Leisure and Real Estate sectors were well traded positively.
• Market breadth was green with 264 winners, 136 losers, and 80 unchanged.
• Liquidity increased 13.3% to VND 19.0 trillion.

VN-30 increased again (VN-30 +0.48%)

• The basket recorded 17 increasing stocks 7 decreasing stocks and 6 staying the same.
• Increasing stocks were varied, which were BID (+2.61%), VRE (+2.46%), VCB (+2.25%), and VHM (+2.07%).
• PLX (-1.88%) is the only stock which experienced more than 1% of drop.

Sectors and stocks daily highlights

• MWG (+0.72%) reported that its subsidiary Tran Anh Digital World JSC has been dissolved. The company dissolved 2 subsidiaries in May this year as a part of the company’s restructure under a concept of “reducing quantity and increasing quality”.
• NVL (+4.96%) announced a reduction in capital contribution at two subsidiaries, Nova Princess Residence JSC and Nova Rivergate LLC. With the reduction, the capital contribution from the parent company will change from nearly VND 300 billion to about VND 80 billion.
• Foreign investors had a net bought session with VND 3382 billion today. VHM (+2.07%) was the most net sold stocks again. On the other hand, VCB (+2.25%) and FPT (+0.77%) were targets of buying from foreign investors.

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