August, 23 2024: VN-Index returned to green (VN-Index +0.20%)

• VN-Index started near the reference mark as investors’ sentiment became cautious ahead of the Jackson Hole meeting.
• Caution was the dominant sentiment for the first half of the morning with the market fluctuating around the reference mark amidst low cash flow.
• Financial Services and Banking sector turned negative toward the end and gradually brought the index down.
• However, it was also these sector that drove the market recovery in the afternoon.
• The market was further aided by Steel stocks and eventually closed in green.
• Market breadth included 172 winners, 212 losers, and 99 unchanged.
• Liquidity rose by 7.7% to VND 1 6.8 trillion.

VN-30 matched the market’s gain (VN-30 +0.20%)

• The basket was more positive with 13 increasing stocks, 8 decreasing stocks, and 9 staying the same.
• Major gainers included BVH (+3.35%), GVR (+1.87%), HPG (+1.17%), and SSI (+1.51%).
• Meanwhile, VRE (-1.02%) was the only somewhat notable decliner.

Sectors and stocks daily highlights

• Novagroup is looking to sell another 3 million shares of NVL (+2.33%) in an attempt to restructure debts.
• TAR (-3.51%) saw its loss jumping from VND 0.8 billion to VND 8.2 billion post-audit.
• Foreign investors net sold a smaller amount of VND 74 billion. Most net sold/bought positions remained unchanged, with HPG (+1.17%) and FPT (-0.52%) on either sides.

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