Vietcap Daily - VN-Index advances 1.1%

* BSR: Upgrade and expansion project on track for start – AGM Note

* DGC: Slow phosphorus prices recovery, chlor-alkali project delays - Update

* VCB: Credit growth to accelerate from Q2 2024 - Update

* VTP: Lower projected profitability; demanding valuation - Update

* Market wrap: VN-Index advances 1.1%

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

Market wrap: VN-Index advances 1.1%

On Thursday, the VN-Index advanced 1.1% (+14.1 pts) to close the trading day at 1,281. The index’s gain was led by a diverse group of stocks coming from several sectors while basic materials was the overall leading sector. In total, there were 278 gainers, 152 laggards, and 65 stocks that were unchanged. Total trading volume decreased to USD910.9mn.

* Steel maker HPG (+3.7%), rubber producer GVR (+1.8%), and fertilizer companies DGC (+1.4%) and DPM (+2.8%) were the top gainers in the basic materials sector.

* Three food and beverage stocks were in the top ten most contributing to the index’s gain. These were conglomerate MSN (+2.6%), beer maker SAB (+3.5%), and milk producer VNM (+1.8%). Fruit farmer HAG (+2.8%) also surged and fish exporter VHC (+1.1%) posted a solid gain. No large-cap stock in the sector declined.

* In banking, ACB (+1.8%), HDB (+1.4%), and VPB (+1.1%) had strong performances while CTG (+0.8%), MBB (+0.5%), and VCB (+0.3%) also gained. BID (-0.6%) was the sole large-cap laggard.

* Other notable gaining stocks were utility company GAS (+4.3%), oil & gas company PLX (+6.9%), insurance company BVH (+6.95%), airlines HVN (+4.9%) and VJC (+2.1%), and retailer MWG (+1.6%).