Vietcap Daily - VN-Index rebounds 1.9%

* DGW Analyst Meeting Note: Anticipating Q3 2024 NPAT-MI growth of 18% YoY

* FPT: Management expects robust growth across segments to continue into H2 2024 - Analyst Meeting Note

* PVT: Tanker market remains favorable - Analyst Meeting Note

* Q2 2024 Banking Earnings Wrap-up: Strong credit growth; NIM improves QoQ

* Market wrap: VN-Index rebounds 1.9%

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Market wrap: VN-Index rebounds 1.9%

The VN-Index rebounded 1.9% (+22.1 pts) on Tuesday from a plunge yesterday and closed the trading day at 1,210.3. The market’s upward trajectory was led by stocks from a variety of sectors and there were no decliners among the large-cap VN30 group. Throughout the index, there were over six times the number of gainers (383) as laggards (58) and 49 stocks unchanged. Total trading volume dropped compared to the previous trading day to USD652.2mn.

* After dragging the index down yesterday, the banks sector saw BID (+1.4%), CTG (+1.3%), VPB (+1.4%), MBB (+1.96%), and LPB (+2.8%) post strong results. TCB (0.0%) was unchanged.

* The basic materials sector had several surging stocks, including GVR (+4.2%), HPG (+1.4%), HSG (+4.8%), DGC (+4.7%), DCM (+2.9%), and DPM (+2.9%).

* Financial services stocks also performed well as SSI (+3.4%), VND (+2.3%), VCI (+5.4%), HCM (+5.7%), and BSI (+6.9%) had significant gains.

* Other stocks that helped lift the market were milk producer VNM (+4.8%), food & beverage conglomerate MSN (+3.8%), real estate company BCM (+5.2%), technology company FPT (+1.9%), and airline HVN (+6.6%).