July, 15 2024: VN-Index declined toward the end of trading (VN-Index -0.07%)

• VN-Index opened this week’s trading higher and continued to rise for about an hour.
• It then trended lower until the end of trading. Mainly, the index was weighed down by fears of a stronger USD due to the reappointment of former President Trump, as well as China’s lower-than-expected Q2 GDP released today.
• However, strong buying was also observed around 1,275 pt.
• Media, Oil & Gas, and Health Care sectors supported the overall market.
• Market breadth included 167 winners, 262 losers, and 86 unchanged.
• Liquidity fell by 6.6% to VND 14.2 trillion.

VN-30 weighed on overall market (VN-30 -0.31%)

• The basket recorded 10 increasing stocks, 16 decreasing stocks, and 4 staying the same.
• Selling was notable in Vin stocks, led by VRE (-1.93%), VHM (-1.30%), and VIC (-0.96%).
• On the other hand, the index was supported by PLX (+3.67%), BCM (+3.38%), and VJC (+2.16%).

Sectors and stocks daily highlights

• VinFast, a subsidiary of VIC (-0.96%), announced on April 12 that it will postpone the start of plant operations in the US to 2028. The company revised its business plan to be more prudent, keeping in mind macroeconomic headwinds.
• 2 industrial park projects by Western Pacific, an affiliate of PC1 (+3.25%), were approved. The total investment is VND4.5 trillion, with a total size of 357 hectares.
• Foreign investors were net sold by VND1,675 billion. Among net buyers, TNH (+1.43%) stood out. Notable net sellers included HDB (+1.04%) and STB (0.00%).

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July,_15_2024__Daily_Recap_Report_EN