VN-Index remained under selling pressure (VN-Index -0.78%)

• • VN-Index briefly moved into positive territory at the open before quickly coming under selling pressure.
  • During the morning session, market breadth weakened as most sectors declined amid subdued liquidity. Oil & Gas stocks, including BSR (+2.78%), PLX (+1.20%), and OIL (+1.53%), were the only notable bright spot, outperforming the broader market and providing some support to the index.
  • In the afternoon session, after falling sharply toward the 1,675-point level, the market’s decline moderated and losses narrowed as selling pressure at lower price levels largely subsided. However, decliners continued to dominate the market, preventing the VN-Index from staging a meaningful recovery.
  • Market breadth ended with 88 advancers, 227 decliners, and 58 unchanged stocks.
  • Market liquidity declined by 30.63% from the previous trading session to VND 13.8 trillion. The VN-Index closed at 1,686.11 points (-0.78%).

VN30 underperformed slightly (VN30 -0.86%)

• • The basket recorded 7 gainers, 20 decliners, and 3 unchanged stocks.
  • BSR (+2.78%), STB (+2.08%), VNM (+1.90%), and TPB (+1.43%) recorded the strongest gains.
  • On the downside, MWG (-4.90%), GVR (-3.32%), SSI (-3.18%), and FPT (-2.78%) posted the steepest declines.

Sectors and stocks daily highlights

• • In Q2 2026, VNM (+1.90%) recorded a pre-tax profit of approximately VND 3,900 billion and a net profit after tax of VND 3,185 billion, representing YoY increases of 26% and 28%, respectively. This also marks the highest quarterly profit the company has ever achieved.
  • Two pharmaceutical companies reported profit growth in Q2 2026. DHG (+0.70%) recorded net profit attributable to shareholders of the parent company of VND 299 billion, up 26% YoY, while IMP (+0.00%) reported net profit of VND 94 billion, up 4% YoY.
  • Foreign investors recorded net selling of VND 1,364.33 billion. PNJ (-6.96%) faced the strongest net selling pressure, while no stocks recorded notable net buying.

—————————————————————————————————–

【Disclaimer】
This material has been prepared by Japan Securities Co., Ltd. (“JSI”) for the sole purpose of providing relevant information to investors. While JSI has made reasonable efforts to ensure the accuracy and completeness of the information contained herein, no representation or warranty, express or implied, is made as to its accuracy, completeness, or reliability. JSI accepts no liability for any errors or omissions, nor for any loss or damage arising from the use of this material. Investing in securities involves risks. Investors should carefully consider their investment objectives and risk tolerance before making any investment decisions.
This document is provided for informational purposes only and does not constitute an offer or solicitation to buy or sell any securities mentioned herein in any jurisdiction. This report is confidential and intended solely for the recipient. It may not be reproduced, redistributed, or transmitted, in whole or in part, in any form or by any means, without the prior written consent of JSI.

For U.S. Persons Only:
Research report is a product of JSI under Marco Polo Securities 15a-6 chaperone service which is the employer of the research analyst(s) who has prepared the research report. The research analyst(s) preparing the research report is/are resident outside the United States (U.S.) and are not associated persons of any U.S. regulated broker-dealer and therefore the analyst(s) is/are not subject to supervision by a U.S. broker-dealer, and is/are not required to satisfy the regulatory licensing requirements of FINRA or required to otherwise comply with U.S. rules or regulations regarding, among other things, communications with a subject company, public appearances and trading securities held by a research analyst account.
Research reports are intended for distribution by only to “Major Institutional Investors” as defined by Rule 15a-6(b)(4) of the U.S. Securities and Exchange Act, 1934 (the Exchange Act) and interpretations thereof by U.S. Securities and Exchange Commission (SEC) in reliance on Rule 15a 6(a)(2). If the recipient of this report is not a Major Institutional Investor as specified above, then it should not act upon this report and return the same to the sender. Further, this report may not be copied, duplicated and/or transmitted onward to any U.S. person, which is not the Major Institutional Investor. In reliance on the exemption from registration provided by Rule 15a-6 of the Exchange Act and interpretations thereof by the SEC in order to conduct certain business with Major Institutional Investors, JSI has entered into a chaperoning agreement with a U.S. registered broker-dealer, Marco Polo Securities Inc. (“Marco Polo”).
Transactions in securities discussed in this research report should be effected through Marco Polo or another U.S. registered broker dealer.

Regulatory Information:
Japan Securities Co., Ltd. is a licensed securities firm regulated by the State Securities Commission (SSC) of Vietnam under Registration Number 129/GP-UBCK. JSI is a member of the Vietnam Stock Exchange (VNX), the Hanoi Stock Exchange (HNX), the Ho Chi Minh Stock Exchange (HOSE), and the Vietnam Securities Depository and Clearing Corporation (VSDC). Its registered office is located at Suite 701, Tower 1, Capital Place, 29 Lieu Giai, Ngoc Ha Ward, Hanoi, Vietnam.

Jul_24_2026__Daily_Recap_Report_EN

7月24日ベトナム証券市場ニュース_JP