July, 11 2024: VN-Index continued to inch down (VN-Index -0.17%)

• VN-Index opened and fluctuated at first, then the sellers gradually kicked in to drag down the market.
• The Real Estate and Financial Services were the main factors to keep the Index nearly above the reference mark.
• The market continued to hover around in the afternoon then went lower at the end.
• The decrease in the Banking, Technology, and Food & Beverage sectors narrowed down the Index.
• Market breadth included 198 winners, 242 losers, and 75 unchanged.
• Liquidity fell by 15% to VND 18.5 trillion.

VN-30 declined at a faster pace (VN-30 -0.36%)

• The basket had 8 increasing stocks, 18 decreasing stocks and 4 stocks unchanged.
• HDB (+1.40%), SSI (+1.31%), and VIC (+1.23%) tried to lift the basket.
• Meanwhile, TCB (-1.51%), MSN (-1.30%), and BVH (-1.07%) weighed on the market.

Sectors and stocks daily highlights

• PHR (-2.56%) released its 2Q2024 separate financial statements with mixed outcomes. The firm generated VND 186.1 billion in revenue, increasing by 10.7% YoY. However, the net profit declined by 77% YoY to VND 19.2 billion as the company recorded an income from the disposal asset of VND 68 billion in the same period last year.
• IMP (+6.86%) disclosed a Resolution to seek the holder’s approval for the two issues. The first concerns the issue of shares to increase charter capital from the owner’s equity.  The second proposes the cancellation of the Cash Bonus Plan for key personnel and replace it with the Plan to issue shares to key personnel.
• Foreign investors net bought VND 67.4 billion today. HDB (+1.40%), STB (0.00%), and SAB (-0.18%) presented as the most significant net buying value. On the other hand, FPT (-0.08%) and TCB (-0.65%) were the most net-sold stocks.

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