July market overview – VnIndex tumbled after approaching the 1,300-point resistance zone;

VnIndex closed at 1,251.51 points, 0.5% higher compared to the previous month. Large-cap stocks in the Vn30 led the market. Defensive stock groups had superior performances;

Liquidity significantly declined in July;

In July, foreign investors net sold VND 8,372 billion HOSE, resulting in a YTD net selling value of VND 60,409 billion. The interest rate gap with foreign countries and a lack of attractive themes are still dissuading foreign cash flow. In addition, selling pressure intensified at tickers that had been gaining strongly;

Overview of performances in Q2 2024;

BVSC’s recommended stocks in August.