- 2024-06-28T00:00:00
- Market Commentary
* FDI disbursement in H1 2024 continues to hit record high levels
* CTR: The Ministry of Information and Communications announces reauction of the 3800-3900 MHz frequency band on July 9, 2024
* REE - REE appoints new CEO
* TV2 – Song Hau 2 successfully meets the financing deadline
* PHR: Guidance for substantial rubber land bank to be converted - AGM Note
* STK: Substantial recovery in Q2 2024 orders - Update
* Market wrap: VN-Index ended June with a decline
----------------------------------------
Market wrap: VN-Index ended June with a decline
The VN-Index fell 1.1% on Friday as selling pressure dominated the market in the afternoon session. The HOSE recorded 355 losers to only 79 gainers with total turnover of VND20,857bn (USD818mn). As a result, the index declined 2.9% WoW and 1.3% MoM.
* The materials sector was the biggest contributor to the index’s loss due to sharp declines from GVR -5%, HPG -1.9%, DCM -3.7% and DGC -1.1%.
* Oil and gas stocks sunk, including PVD -3.2%, PVS -1.5%, BSR -4% and OIL -5.5%.
* Banking stocks traded mixed as BID -1.9%, MBB -1.3%, VPB -1.8% and STB -1.4% dropped, EIB +3%, SHB +0.9% and HDB +0.2% gained, while VCB was unchanged.
* VIC +0.5%, its subsidiary VHM +0.1% and VRE +0.3% inched up whereas most real-estate stocks fell, such as DIG -2.6%, KDH -1.6%, NLG -1.4% and SZC -4.1%.
Powered by Froala Editor