July, 12 2024: VN-Index’s fluctuation ended in red (VN-Index -0.24%)

• VN-Index once again above the reference mark following the lower than expected CPI release in the U.S as well as optimism surrounding Fed’s rate cuts.
• Nevertheless, it was not translated to domestic investors. Market sentiment remained cautious with cashflow dropping notably. As such, the index mostly declined in the morning.
• The afternoon session saw more fluctuation as the market attempted to break back into the green, but failed eventually and closed in red.
• “Vin” stocks supported the market along with bottom-fishing on FPT (+0.60%) and GVR (+2.57%).
• Market breadth was sell-side dominant with 140 winners, 298 losers, and 76 unchanged.
• Liquidity fell further by 17.9% to VND 15.2 trillion.

VN-30 mirrored the market (VN-30 -0.34%)

• The basket recorded 9 increasing stocks, 16 decreasing stocks and 5 staying the same.
• As mentioned above, VIC (+1.58%) and GVR (+2.57%) were the only few notable gainers.
• Decliners were more abundant, but were also mild in extent such as BVH (-1.30%), HPG (-1.21%), MSN (-1.32%), PLX (-1.07%).

Sectors and stocks daily highlights

• The gain of VIC (+1.58%) came after Bloomberg disclosed that Vinfast is looking to borrow USD 250 million to build a factory in Indonesia.
• TNG (+1.99%) recorded the ex-right date for share dividend payment at a ratio of 8%.
• Foreign investors quickly resumed selling with VND 762 billion net sold today. VHM (+0.13%) and MWG (0.00%) were the most net sold stocks by a wide margin. On the other hand, there was no significant net bought stock.

＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

【Disclaimer】

This material has been prepared by Japan Securities Co., Ltd. (JSI) for the purpose of providing investors with relevant information. JSI makes no representation or warranty regarding the completeness and accuracy of such information. This material is provided, for information purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction.

We are not responsible for any errors or omissions or for the results obtained from the use of such information.

This note is confidential and is being supplied only to you solely for your information and may not be reproduced, redistributed, or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose.

In the United States, this report is intended for distribution solely to major Institutional Investors as defined in Rule 15a-6 under the Securities Exchange Act of 1934.

Japan Securities Co., Ltd. is a financial instruments dealer registered with SSC(State Securities Commission of Viet Nam): Registration Number 103/UBCK-GP, and a member of HNX( Hanoi Stock Exchange), HOSE(Hochiminh Stock Exchange) & VSD(Vietnam Securities Depository), and is registered address is  Suite 701, Tower 1, Capital Place, 29 Lieu Giai, Ngoc Khanh, Ba Dinh,  Hanoi, Vietnam.

July,_12_2024__Daily_Recap_Report_EN