Vietcap Daily - VN-Index advances for sixth straight session, led by FPT

* POW: H1 2023 sales volume broadly in line with our expectation; Nhon Trach 3 & 4 on track
* POW: Preliminary H1 2023 PBT declines 33% YoY despite revenue growth — slight downside risk to 2023F earnings forecast
* VHC’s sales rebounded 18.5% QoQ in Q2 2023
* Macro Flash Note: Declines in orders cause labor market uncertainty
* Market wrap: VN-Index advances for sixth straight session, led by FPT

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Market wrap: VN-Index advances for sixth straight session, led by FPT

The VN-Index ended the week on a positive note as it closed up by three-tenths of a percent, marking its sixth consecutive positive session. Trading turnover on HOSE surged to USD887.3mn as investors are expecting select stocks to increase following the upcoming release of Q2 2023 earnings results. For the week, the VN-Index gained 2.7%.

* FPT (+3.3%) climbed to a 52-week high and was the top contributor to the day’s gain.

* Airlines VJC (+3.2%) and HVN (+5.2%) increased.

* Securities brokerages VND (+3.1%), VIX (+6.8%) and VCI (+2.4%) climbed.

* Real estate developer NLG (+6.5%) soared 15.5% over the week.

* Bank STB (-3.3%) was the day’s top contributing laggard.