Vietcap Daily - VN-Index advances 0.5%

* Fixed Income July 2024: VND appreciates on clearer sign of Fed rate cuts

* ACV: International traffic remains strong, bad debt provisions ease - Update

* DGW: Double-digit growth outlook for 2024-28F remains intact - Update

* Market wrap: VN-Index advances 0.5%

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Market wrap: VN-Index advances 0.5%

The VN-Index advanced 0.5% (+6.6 pts) on Monday to close the trading day at 1,230.3. The index’s gain was led by a variety of large-cap stocks from the technology, banks, utilities, consumer services, consumer goods, and oil & gas sectors. Throughout the index, there were 238 gainers, 168 laggards, and 69 stocks that were unchanged. Total trading volume slightly decreased compared to the previous trading day to USD557.5mn.

* Banks MBB (+1.1%), VPB (+0.8%), CTG (+0.6%), and TCB (+0.7%) were in the top-ten stocks positively affecting the market. There were no large-cap decliners in the sector.

* The real estate sector saw poor performances from VHM (-1.9%), VIC (-1.5%), VRE (-0.6%), BCM (-0.4%), and NVL (-1.8%). KDH (+0.1%) and KBC (+0.8%) gained.

* The top-five stocks lifting the index were technology company FPT (+2.4%), airline HVN (+6.8%), rubber producer GVR (+2.2%), utility company GAS (+1.1%), and retailer MWG (+1.5%).

* Some notable laggards in the market were steel maker HPG (-0.8%), milk producer VNM (-0.4%), utility company POW (-1.8%), logistics company STG (-6.8%), and air cargo services company SCS (-0.6%).