Vietcap Daily - VN-Index closes week with gain of 0.8%

* Vietnam Earnings Update: Banks, aviation, consumer and steel led growth in H1 2024
* Market wrap: VN-Index closes week with gain of 0.8%

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

Market wrap: VN-Index closes week with gain of 0.8%

The VN-Index gained 0.8% (+9.6 pts) on Friday to close the trading week at 1,236.6. Basic materials was the sector that most lifted the market. Throughout the index, there were 267 gainers, 160 laggards, and 72 stocks that were unchanged. Total trading volume declined compard to the previous trading day to USD650.4mn.

* The basic materials sector rebounded from its poor performance yesterday as GVR (+3.03%), HPG (+2.1%), DCM (+3.4%), and HSG (+2.9%) posted strong gains.
* In the banks sector, VCB (-2.2%) and LPB (-1.7%) sharply declined. BID (+2.03%), TCB (+2.2%), MBB (+1.7%), and MBB (+2.96%) surged. ACB (0.0%) was unchanged.

* In real estate, VIC (-0.2%), VHM (-1.2%), VRE (-1.3%), and KBC (-0.2%) fell. BCM (+1.3%) and NVL (+2.7%) climbed.

* Some notable gainers from other sectors were milk producer VNM (+1.7%), oil & gas company PLX (+4.9%), retailer MWG (+1.3%), airline HVN (+6.8%), and securities company SSI (+3.1%).