July, 23 2024: VN-Index shrank heavily (VN-Index -1.82%)

• VN-Index continued to slightly go lower as the market opened. The investors were still cautious about the selling pressure from the previous session. The trading activities were mild in the morning.
• Almost all sectors declined, while the Technology sector managed to lift the Index.
• It was not until the afternoon session did the sellers flocked in a massively narrowed-down market.
• Selling pressure spread wide in all sectors. The increase of the Technology sector also slowed down.
• The Index included 83 increasing, 373 decreasing, and 41 unchanged stocks.
• Liquidity contracted by 17.2% to VND 18 trillion.

VN-30 fell at a softer pace (VN-30 -1.59%)

• The basket witnessed 5 accelerating, 24 declining, and 1 unchanged stock.
• GVR (-6.56%), MBB (-5.16%), and TPB (-4.57%) were the major decliners.
• Meanwhile, increasing stocks were insignificant, namely SSB (+1.42%) and FPT (+1.13%).

Sectors and stocks daily highlights

• VJC (+0.66%) signed an agreement with Airbus to order 20 units of aircraft which is known as A330-900. The value of the contract is estimated at USD 7.4 billion.
• PNJ (-0.42%) announed the 6M2024 business results with favourable outcomes. The firm generated VND 22,113 billion in revenue (+34% YoY) and VND 1,167 billion in net profit (+7% YoY).
• Foreign investors net sold VND 127 billion today. DGC (-4.91%) was the only substantial net sold stock with more than VND 100 billion. On the other hand, VCB (-0.23%) was the only notable net-bought stock.

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July,_23_2024__Daily_Recap_Report_EN