July, 25 2024: VN-Index was softer (VN-Index -0.43%)

• VN-Index opened lower as investors’ sentiment turned bearish following last night’s decline in the U.S. stock.
• In the morning, selling was seen especially in large-cap stocks. VN-30 closed with all stocks falling except for Vin stocks (VIC, VHM, VRE).
• Liquidity was low in the afternoon session as investors awaiting earnings results had difficulty in buying. However, there were some encouraging signs, as the decline narrowed toward the end of the session.
• Media and Oil & Gas sectors were steady. On the other hand, Technology and Retail sectors were weak.
• Market breadth included 131 winners, 294 losers, and 75 unchanged.
• Liquidity declined sharply by -34% to VND11.7 trillion.

VN-30 also halted its fall in the morning (VN-30 -0.65%)

• The basket recorded 4 increasing stocks, 22 decreasing stocks and 4 staying the same.
• Only BCM (+3.29%), BVH (+1.77%), VIC (+1.71%), and GVR (+0.92%) rose.
• SSI (-3.04%), POW (-2.27%), and VRE (-2.23%) were the biggest decliners.

Sectors and stocks daily highlights

• VIC (+1.71%) reportedly invested about USD500 million in constructing an EV car plant in Tamil Nadu, India.
• HVN (-6.91%) received an additional loan of VND4 trillion from the State Bank. The company’s continued need for financial support caused investor concern and led to a floor price.
• Foreign investors net sold VND490 billion, with SBT (+1.16%) being the most net bought while SSI (-3.04%) being the most net sold.

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