Vietcap Daily - VN-Index declines 0.3%

* MWG’s preliminary 8M 2024 results: TGDD’s sales grow 14% YoY in August; BHX’s sales/store remain at VND2.1bn in August
* VinFast's (Nasdaq: VFS) Q2 2024 Earnings Call: Highlights
* Market Wrap: VN-Index declines 0.3%

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Market Wrap: VN-Index declines 0.3%

The VN-Index declined 0.3% (-3.6 pts) on Monday to close the trading day at 1,268.5. The index’s slide came after four consecutive trading days of gains. More than half of the large-cap VN30 stocks saw their share prices decrease. Throughout the index, there were 137 gainers, 261 laggards, and 69 stocks that were unchanged. Total trading volume plunged compared to the previous trading day to USD524.1mn.

* There were mixed performances in the banks sector. VCB (+0.3%), VPB (+0.3%), MBB (+0.2%), and LPB (+0.6%) gained. BID (-0.7%), CTG (-0.3%), TCB (-0.9%), and HDB (-0.2%) declined.

* In real estate, VRE (-2.6%) and NVL (-1.3%) dropped and VHM (-0.2%) lost value. VIC (+0.1%) and BCM (+0.3%) ticked up.

* Some of the notable laggards in other sectors negatively affecting the market were tech company FPT (-0.96%), airline HVN (-2.5%), retailer MWG (-1.0%), and oil & gas company PLX (-1.6%).

* Gainers from other sectors that helped lift the index were financial services company SSI (+1.3%), insurance company BVH (+1.6%), plastic pipe producer BMP (+4.3%), milk producer VNM (+0.3%), and steel maker HPG (+0.2%).