July, 8 2024: VN-Index diverged (VN-Index +0.04%)

• VN-Index opened with divergence from most of the major sector such as Banking and Real Estate.
• The index was able to maintain green thanks to the positivity of Fertilizer stocks. Nevertheless, growing selling pressures toward the end of the morning session pulled the market down.
• The market quickly stabilized in the afternoon, however, and recovered back thanks to Retail sector.
• The market closed just above the reference mark still without any clear direction.
• Market breadth was rather balanced with 243 winners, 214 losers, and 48 unchanged.
• Liquidity went up by 24.3% to VND 19.9 trillion.

VN-30 closed in red  (VN-30 -0.03%)

• The basket lean to sell-side 12 increasing stocks, 17 decreasing stocks, and 1 staying the same.
• PLX (+5.80%), GVR (+3.99%), POW (+3.08%), MWG (+2.13%) recorded huge jumps.
• In the opposite direction, major decliners included SAB (-2.76%), VHM (-1.17%), VIC (-2.42%), VRE (-2.40%).

Sectors and stocks daily highlights

• DXG (-4.00%) and DXS (-6.92%) plunged after the company was accused by several investors of embezzling money from bond issuance.
• Vinachem announced significant profit growth for its subsidiaries in 6M2024. In particular, profit of DDV (+9.85%) is estimated to increase by 46 times; while for BFC (+6.89%) it is 5 times.
• Foreign investors net sold strongly VND 2,316 billion today. HDB (0.00%) was the most net sold stock, followed by FPT (+0.65%) and STB (+0.17%). On the other hand, VNM (+0.60%) and DCM (+6.93%) were the few notable net bought stocks.

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July,_08_2024__Daily_Recap_Report_EN