Vietcap Daily - Market gained on higher turnover to end the week

* Energy Sector: Block B’s midstream EPC contracts to start in Q3 2024, in line with expectations
* GMD: Q1 2024 preliminary results broadly in-line; strong throughput growth at Gemalink
* REE: Strategic investor registered to buy 4M shares at VND80,000
* TV2: Investor of Song Hau 2 announced that it is seeking legal advice
* Macro Update: Upbeat macro results in H1 2024
* Market wrap: Market gained on higher turnover to end the week.

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Market wrap: Market gained on higher turnover to end the week.

The VN-Index recorded a fifth positive session in a row with a gain of 0.25% to close the week at 1,283. There were 182 gainers and 231 laggards on HOSE. Market turnover was VND15,998bn (USD629mn), up 14% vs the previous day.

* The Consumer Services sector led positive contributions to the index’s performance thanks to gains from HVN +6.3%, MWG +0.8%, VJC +0.4% and DGW +1.9%.

* Technology continued to be the market leader, mainly contributed by FPT +2.1%.

* Banking turned around and was amongst the top five market leading sectors, led by LPB +2.7%, CTG +1.2%, VPB +0.5% and ACB +0.6%. Meanwhile, HDB -0.6%, MSB -0.7% and VIB -0.2% were sector laggards.

* Consumer Goods traded mixed with gains from VNM +1.2%, DBC +3.4% and BHN +2.7% and declines from SAB -1.7%, HAG -3.2% and MSN -0.1%.

* Industrials and Materials also performed well, with leading contributions from CTR +3.3%, GMD +2.0%, VOS +6.8%, GVR +0.3%, CSV +7.0% and DPM +1.2%.

* Real Estate was a laggard sector due to losses from VRE -2.1%, DXG -3.8% and NVL -1.5%. Meanwhile, NLG +2.3%, KDH +0.9% and HDG +1.2% showed good performance.