* Power sector: Robust power consumption continues, improved CGM prices in July

* MWG Analyst Meeting: BHX to continue to be profitable in H2 2024; TGDD & DMX store closures largely completed in August 2024

* Market wrap: VN-Index surged on strong turnover

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Market wrap: VN-Index surged on strong turnover

The VN-Index soared 2.3% on Friday and closed at a 2-week high of 1,252.23. Turnover on the HOSE nearly doubled vs. the previous day, reaching VND23 trillion (USD918mn). However, foreign investors unexpectedly reverted to be net sellers on the HOSE by VND72.4 bn (USD2.9mn), ending a 5-day streak of net buying. 

* The banking sector led the VN-Index's gain due to rallies from BID +1.8%, MBB +3.4%, LPB +4.9% and CTG +2.0%. 

* Consumer stocks performed well, including MWG +4.7%, MSN +3.1%, HVN +5.4% and PNJ +1.2%. 

* Local money flowed strongly into midcap stocks in real estate and brokerage, pushing some names to close limit up, such as DXG, PDR and DIG (in real estate) and FTS, BSI and CTS (in brokerage).

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