Vietcap Daily - VN-Index closes above 1,200 for first time in 10 months

* MWG’s preliminary H1 2023 sales: Encouraging MoM improvement in BHX’s sales/store; DMX’s sales increased 11% QoQ thanks to hot weather in Q2 2023
* VIB’s preliminary H1 2023 results — in line with our expectations with improved credit quality
* BWE: Aggressive M&A continues; consolidating BIWASE – Long An - Earnings Flash
* Market wrap: VN-Index closes above 1,200 for first time in 10 months

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

Market wrap: VN-Index closes above 1,200 for first time in 10 months

On Wednesday, the VN-Index endured an up-and-down session before ultimately climbing at the end of trading to close up by four-tenths of a percent and finish above the 1,200-point threshold for the first time since September 23, 2022.

* Bank VCB (+1.8%) was the top contributing gainer for the second day in a row.

* Real estate developer NVL (+6.2%) is up 13.5% so far this week.

* SAB (+2.3%) finished higher for its third straight session.

* Conglomerate VIC (-1.0%) dropped for the third day in a row and was the day’s top contributing laggard.

* Other notable decliners included MWG (-1.9%), PGV (-1.6%), GMD (-2.6%) and TPB (-1.0%)