July, 22 2024: VN-Index kept negative sentiments (VN-Index -0.80%)

• VN-Index was volatiled and started negatively due to some important political news such about Biden’s withdrawal from an upcoming election and death of Vietnamese General Secretary Trong.
• The market tried to go higher above the reference mark and made it once. However, selling pressure immediately kicked in and dragged the index down.
• Negative sentiment was dominant in the afternoon although blue-chips were relatively positive and narrowed the range of declines.
• Only Bank, Food & Beverage sectors ended in green but increased a little.
• Market breadth included 96 winners, 350 losers, and 53 unchanged.
• Liquidity increased by 13.8% to VND 21.1 trillion.

VN-30 was relatively positive (VN-30 -0.23%)

• The basket saw 12 increasing stocks, 15 decreasing stocks and 3 stocks unchanged.
• MSN (+1.69%) and HDB (+1.40%) recorded increases.
• GVR (-5.07%) declined the most amid the gloomy market, followed by BVH (-2.19%) and FPT (-1.51%)

Sectors and stocks daily highlights

• VRE (+0.75%) announced its 2Q2024 financial results. Revenue was VND 2,479 billion (+14.1% YoY) and net profit after tax was VND 1,021 billiom (+2.1% YoY). The company newly opened 3 Vincom shopping malls in the year.
• DGC (-6.02%) reported 2Q2024 results with revenue of VND 2,505 billion (+3.8% YoY) and net profit after tax of VND 870 billion (-1.0% YoY). Stock price was dropped after the chairman’s negative comment on their business target for the whole year.
• Foreign investors once again turned net bought with VND 426 billion. SBT (+2.70%) was notably net bought. On the other hand, DGC (-6.02%) and VPB (0.00%) were net sold.

＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

【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,_22_2024__Daily_Recap_Report_EN