August, 5 2024: VN Index plunged in global fallout (VN-Index -3.92%)

• VN index opened with a significant drop as US markets experienced huge declines in the last Friday due to weak economical statistics revealed.
• The decrease remained at the point after opening session, and there was no recovery in the morning.
• The Index got worse in the afternoon. It continued to expand the drop and recorded almost 4% of a decline in the end.
• All of the sectors dropped. The Chemical sector had the worst result today.
• Market breadth included 24 winners, 448 losers, and 25 unchanged.
• Liquidity increased by 45.7% to VND 23.7 trillion.

VN-30 had a same result (VN-30 -3.82%)

• All stocks in the basket recorded declines today.
• GVR (-6.96%) hit the floor price, followed by VRE (-6.41%), HDB (-6.13%). VIC (-1.67%) was the least declined stock despite more than 1% of drop.

Sectors and stocks daily highlights

• State Bank approved that GEX (-5.58%) purchases shares of Eximbank. The company owned 4.9% of charter capital of the bank as of July 1st, and will have 10% after the purchase.
• HDG (-6.92%) announced business results in 1H2024. The company recorded VND 1,408 billion (YoY -10%) in net revenue and VND 457 billion (YoY -8%) in profit before tax. Although net profit in the second quarter was doubled, the company could not record a growth due to negative results in 1Q.
• Foreign investors net sold VND 745 billion today. VNM (-2.94%) was the most net-bought stock with a significant figure. Meanwhile, HPG (-4.77%) was sold with much volume by foreign investors.

＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

【Disclaimer】

This material has been prepared by Japan Securities Co., Ltd. (JSI) for the purpose of providing investors with relevant information. JSI makes no representation or warranty regarding the completeness and accuracy of such information. This material is provided, for information purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction.

We are not responsible for any errors or omissions or for the results obtained from the use of such information.

This note is confidential and is being supplied only to you solely for your information and may not be reproduced, redistributed, or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose.

In the United States, this report is intended for distribution solely to major Institutional Investors as defined in Rule 15a-6 under the Securities Exchange Act of 1934.

Japan Securities Co., Ltd. is a financial instruments dealer registered with SSC(State Securities Commission of Viet Nam): Registration Number 129/GP-UBCK, and a member of VNX (Vietnam Stock Exchange), HNX (Hanoi Stock Exchange), HOSE (Hochiminh Stock Exchange) & VSDC (Vietnam Securities Depository and Clearing Corporation), and is registered address is  Suite 701, Tower 1, Capital Place, 29 Lieu Giai, Ngoc Khanh, Ba Dinh,  Hanoi, Vietnam.

August,_05_2024__Daily_Recap_Report_EN