* HDB’s shareholders approve a reduction in FOL from 20% to 17.5%

* MWG’s preliminary 5M 2024 results: Top line grew 15% YoY; BHX’s sales/store improved to VND2.0bn

* PVT: Preliminary recurring PBT grew by 8% YoY in H1 2024

* GMD: Conservative 2024G guidance; Rights issuance plan approved – AGM Note

* POW: Higher insurance compensation to offset losses from NT3&4 - Update

* Market wrap: VN-Index recovered following Monday’s sharp decline

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Market wrap: VN-Index recovered following Monday’s sharp decline

The VN-Index witnessed a 0.19% gain today following a sell-off on Monday. Turnover on the HOSE fell sharply from yesterday’s high level to USD845mn. Foreign investors remained net sellers on the HOSE by USD27.6mn.  

* Vinamilk’s subsidiary Moc Chau Milk (MCM +2.9%) made its debut on HOSE today at a listing price of VND42,800/share. Other consumer stocks traded mixed with gains from MSN and VHC and losses from SAB and PNJ. 

* The real estate sector performed well, led by VRE +6.8%, VHM +0.9%, BCM +1.8% and HDC +4.8%.   

* Industrial stocks gained, especially logistics names such as GMD +1.2%, HAH +6.9% and VSC +3.3%.  

* Banking stocks witnessed differentiated performance as VPB +0.8%, HDB +1.1% and SHB +0.9% increased but BID -1.8% and SSB -6.4% dropped. 

* Technology stocks continued to see profit-taking, resulting in declines from FPT -1.6%, CMG -4.1% and ELC -2.8%.

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