July, 17 2024: VN-Index declined notably (VN-Index -0.98%)

• VN-Index opened and quickly fell way under the reference mark. Although the buyers slightly kicked in, the market remained negative in the morning.
• Despite the significant rise of the Banking sector, the plunge of other sectors dragged down the Index.
• Trading activities were highly volatile in the afternoon. The buying force gradually lifted the market, but the profit-taking pressure flocked in and massively knocked down the market. Nonetheless, substantial bottom-fishing momentum managed to recover the Index to some extent at the end.
• Except for Banking, other sectors continued to accelerate the downward movement.
• Market breadth included 109 winners, 369 losers, and 33 unchanged.
• Liquidity soared by 78.6% to VND 29.3 trillion.

VN-30 remained positive (VN-30 +0.16%)

• The basket recorded 9 increasing stocks, 17 decreasing stocks, and 4 staying the same.
• The banking stocks supported the upside movement, namely TCB (+4.41%), MBB (+4.03%), and HDB (+1.82%).
• Meanwhile, GVR (-6.94%) and POW (-6.71%) considerably contributed to the contraction of the market.

Sectors and stocks daily highlights

• GVR (-6.94%) plummeted as the firm’s high-ranking positions were prosecuted due to the violation of management and using assets, according to Criminal law.
• VHC (-2.30%) released the business results in June 2024 with favorable outcomes. The firm’s total revenue generated VND 1,030 billion, increasing by 22% YoY thanks to the increase in by-product (+39% YoY) and miscellaneous (+51% YoY).
• Foreign investors net bought today with VND 593 billion. MWG (-0.94%), FPT (-1.57%), and VCB (+0.11%) were the most net-bought stocks with more than VND 100 billion per stock, while only MSN (-2.97%) had notable net selling value.

＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

【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,_17_2024__Daily_Recap_Report_EN