August, 29 2024: VN-Index lost gaining momentum (VN-Index +0.00%)

• VN-Index started above the reference mark amidst wide spread positivity.
• The gain mainly came from Banking sector. Other sectors inherited the positivity, but slowly died down moving into the day.
• As such, the market gradually decline as afternoon session started along with weakened cash flow.
• The reference mark provided a strong support for the market to bounce back from.
• Market breadth included 174 winners, 214 losers, and 92 unchanged.
• Liquidity dropped by 14.2% to VND 14.0 trillion.

VN-30 outperformed the market (VN-30 +0.24%)

• The basket was green despite slight leaning to sell-side with 12 increasing stocks, 14 decreasing stocks, and 4 staying the same.
• Top gainers in the bastket included BCM (+2.88%), HDB (+1.11%), STB (+3.05%), VHM (+1.47%).
• Decliners were much milder in extent such as PLX (-1.21%) and VRE (-1.28%).

Sectors and stocks daily highlights

• The gains of Banking stocks STB (+3.05%), HDB (+1.11%), MBB (+0.81%) came after SBV raised credit room for banks outperforming 80% of the initial qouta.
• VCI (-2.94%) planned to issue bonus shares to existing shareholders at a ratio of 10:3 in order to raise charter capital.
• Foreign investors net sold roughly the same today at VND 111.0 billion. Net selling focused on HPG (-0.39%). On the other hand, FPT (+0.30%) and STB (+3.05%) were the most net bought stocks.

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