Vietcap Daily - Oil & Gas sector leads the market

* Power sector: Direct Power Purchase Agreement mechanism issued. Slight positive

* ACV: Preliminary H1 2024 results surge, driven by international passenger rebound

* PLX: Regulated costs of Gasoline 95 and Diesel oil increase by 6% and 14%, respectively. Significantly Positive

* TV2: MoIT sent an order to terminate Song Hau 2 Project; Toyo Group is appealing for a review by MoIT

* Market wrap: Oil & Gas sector leads the market

----------------------------------------

Market wrap: Oil & Gas sector leads the market

The VN-Index increased by 0.24% on Thursday and closed near the 1,280 level. The HOSE recorded 179 gainers and 207 laggards. Market liquidity decreased slightly compared to Wednesday at VND14,011bn (USD550mn).

* The technology sector continued to be the market leader with gains from FPT +3.7%, CMG +2.5%, SGT +3.2% and ELC +2.8%.

* The Oil & Gas sector turned around and was amongst the top five market leading sectors, led by PLX +4.9%, OIL +12.7%, BSR +3.2% and PVS +1.0%. Meanwhile, PVD -0.3% underperformed the sector.

* Basic Materials also contributed to the index’s gain, with leading contributions from GVR +1.2%, CSV +7.0%, ACG +2.3% and DGC +0.2%. In contrast, HPG -0.2%, DCM -0.7% and HRC -6.0% declined.

* Financial Services and Real Estate showed good performance with gains from VND +2.5%, HCM +0.7%, VDS +2.3%, VHM +0.9%, VPI +2.3%, VIC +0.1% and NTL +6.0%.

* Consumer Services was a laggard sector due to losses from MWG -0.6%, HVN -0.3% and DGW -0.4%. However, FRT +0.1% outperformed in this sector.