August, 19 2024: VN-Index extended strong gains (VN-Index +0.75%)

• VN-Index started high above the reference mark, continuing the gaining momentum of the previous session.
• Real Estate sector and Banking sector continued to be the main leaders of the market.
• However, after a positive start, investors became more caution. Cash flow died down and market began to experience profit-taking pressures.
• Nevertheless, although the afternoon session had no notable rally, the market was able to maintain at a high level.
• Market breadth was green with 267 winners, 152 losers, and 68 unchanged.
• Liquidity dropped 27.4% to VND 16.7 trillion.

VN-30 remained positive (VN-30 +0.57%)

• The basket recorded 18 increasing stocks 4 decreasing stocks and 8 staying the same.
• Notable gainers were lesser in degree of gains such as GAS (+2.30%), SAB (+2.66%), TCB (+2.10%), VNM (+2.98%).
• No stocks lost more than 1%.

Sectors and stocks daily highlights

• HAX (+6.88%) hit ceiling price as the progress of the Decree regarding cutting car registration fees is being accelarated.
• GMD (+3.76%) jumped as freight rates dropped sharply, leading to more exports. In 7M2024, the container through-put volume of Cai Map – Thi Vai port area reached 3,329 million TEU, up 38.4% YoY.
• Foreign investors turned to net selling for VND 311 billion today. VHM (+0.52%) and HPG (+0.98%) once again were the most net sold stocks. On the other hand, VNM (+2.98%) led the net bought list by a wide margin.

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