August, 15 2024: VN-Index witnessed sluggish trading activities (VN-Index -0.56%)

• VN-Index had a stagnant trading session in the morning as investor sentiments were cautious about unfavorable economic readings of China combined with important upcoming indicators of the U.S.
• The slight decline of the Chemicals, Retail, and Financial Services sectors narrowed the market below the reference mark.
• The market expanded its downward movement in the afternoon as more selling forces kicked in.
• All sectors declined further, led by the Chemicals, Basic Resources, and Financial Services sectors.
• Market breadth included 109 winners, 301 losers, and 64 unchanged.
• Liquidity was eased to VND 10 trillion.

VN-30 decreased at a softer pace (VN-30 -0.40%)

• The basket recorded 5 increasing, 22 decreasing, and 3 unchanged stocks.
• VHM (+1.75%), VIB (+0.97%), and HDB (+0.97%) tried to anchor the market.
• Meanwhile, GVR (-2.25%), POW (-2.25%), and MSN (-1.96%) dragged down the basket.

Sectors and stocks daily highlights

• CTR (-1.16%) revealed the business performance in July with positive outcomes. The revenue increased by 11% YoY to VND 1,125 billion, while the profit before tax was nearly unchanged compared to the same period last year, at VND 57.7 billion (+1% YoY).
• The PV Drilling V of PVD (-1.12%) was credited as the key factor to reactivate the drilling project in Bokor state in Malaysia. The drilling completed the task in 1 month in advance with an efficient rate was higher than the average of those in Malaysia.
• Foreign investors recorded a net buying value of VND 119 billion. VNM (+1.75%) and VHM (+1.75%) were the only two stocks that have more than VND 100 billion net buying and net selling value, respectively.

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