Vietcap Daily - VN-Index marks third consecutive rally

* GMD: July 15 ex-rights date for FY2023 cash dividend of VND2,200/share
* VRE’s BOD approved for Vincom Retail Operation and Vincom Retail Landmark 81 – VRE’s 100%-owned subsidiaries – to use their assets to secure obligations of VRE’s related parties
* Market wrap: VN-Index marks third consecutive rally

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Market wrap: VN-Index marks third consecutive rally

The VN-Index recorded its third daily gain in a row with an increase of 0.56% on Wednesday. Turnover on the HOSE improved slightly compared to Tuesday, reaching VND15,577 billion (USD611mn). * The banking sector led the gain in the VN-Index due to rallies from BID +3.2%, TCB +2.6%, VCB +0.3% and LPB +2%.

* Technology stocks recovered from recent corrections with gains from FPT +2.3% and ITD +4.2%.

* The materials sector performed well as DGC +1.2%, HPG +0.2%, DPM +1.8% and DCM +1.2% rallied.

* Consumer stocks traded mixed with gains from SAB +0.5%, MSN +0.3% and VHC +1.3% and declines from PNJ -0.4%, MWG -0.8% and HVN -1.4%.

* The real estate sector underperformed the VN-Index due to losses from VIC -0.6%, subsidiary VHM -0.1% and VRE -1.8%. VRE experienced strong net foreign selling of VND414.5 billion (USD16.2mn).