August, 6 2024: VN Index moved back to buy (VN-Index +1.82%)

• After a day of heavy declines, VN-Index started trading on a rebound today.
• Last night, the U.S. market was also soft, but its impact on the Vietnamese market was limited.
• After the opening, the index gradually narrowed its gains and temporarily fell back. However, it rebounded and remained strong through the close, confirming the recovery of investor sentiment.
• All sectors except Media rose.
• Market breadth included 383 winners, 58 losers, and 49 unchanged.
• Liquidity decreased by 31.3% to VND 16.3 trillion.

VN-30 saw many almost stocks rise (VN-30 +1.68%)

• The basket recorded all increases but 2 stocks that remained unchanged.
• Notable gains were seen especially in BCM (+5.19%), VNM (+4.76%), STB (+4.41%), and GVR (+4.15%).
• Meanwhile, VIC (0.00%) and TCB (0.00%) remained unchanged.

Sectors and stocks daily highlights

• TCH (+6.75%) was reported as a major beneficiary in real estate development in the Thuy Nguyen district of Hai Phong City. Investors’ expectations led to a ceiling price.
• There was strong buyback activity in stocks with stable performance, including STB (+4.41%), which posted a strong profit of VND5.3 trillion (+12.3% YoY) in 1H2024.
• Foreign investors net sold VND725 billion. As in yesterday’s session, VNM (+4.76%) was the most notable net bought stock. The largest net sold position was in VJC (+0.60%).

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