August, 2 2024: VN Index bounced back strongly (VN-Index +0.79%)

• VN-Index continued to suffer negative sentiment as the market notably declined after the trading session began.
• The selling pressure spread wide among sectors, namely the Banking, Real Estate, and Technology sectors.
• However, the bottom–fishing force kicked in in the afternoon and successfully lifted the market above the reference mark at the end.
• Apart from the Technology sector, other sectors reversed to green, led by the Financial Services, Food & Beverage sectors.
• Market breadth included 267 winners, 160 losers, and 72 unchanged.
• Liquidity shrank by 29.8% to VND 16.3 trillion.

VN-30 improved simultaneously (VN-30 +0.71%)

• The basket recorded 22 increasing stocks, 6 decreasing stocks, and 2 unchanged stocks.
• POW (+4.94%), PLX (+4.86%), and SSI (+3.14%) were the main growth drivers.
• On the other hand, VCB (-2.21%), VRE (-1.37%), and FPT (-1.28%) narrowed down the market.

Sectors and stocks daily highlights

• FMC (+1.03%) announced the business performance in July 2024. The revenue generated USD 31.25 million, increasing by 8.5% YoY. In particular, the consumption amount of shrimp and agricultural products reached 2,713 tons (+7% YoY) and 147 tons (-22% YoY), respectively.
• CTR (+0.40%) signed a construction deal with 3 notable projects which are the Trung Minh B, Trung Minh A, and the Gem Sky World. The estimated value of these deals can be more than VND 400 billion.
• Foreign investors net bought VND 742 billion today. VNM (+1.71%) was the most net-bought stock with a significant figure. Meanwhile, the value of net-sold stocks was not substantial.

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