Update news on May, 8 2024
08-05-2024

May, 8 2024:VN-Index recovered from initial drop (VN-Index +0.15%)

  • VN-Index opened negatively deep below the reference mark. The index was dragged down by large cap stocks primarily Banking sector and Real Estate sector.
  • Soon after that, the market managed to stabilize and began to recover, led by the support of Financial Services sector and Oil & Gas sector.
  • Nevertheless, buying forces were not strong enough to maintain the uptrend, and the index gradually fall back into the red.
  • The decline extended into the afternoon session; but the late positivity from the news that the U.S is considering upgrading Vietnam to market economy status brought the market to close in the green.
  • Market breadth did not recover in time with still 204 winners, 233 losers and 68 unchanged.
  • Liquidity recorded a notable jump of 26.6% to VND 23.3 trillion.

VN-30 remained unchanged (VN-30 0.00%)

  • The basket recorded 12 increasing stocks, 17 increasing stocks and 1 staying the same.
  • Most decliners were minor, except for STB (-1.24%), VJC (-1.01%) and VPB (-1.33%).
  • Major gainers were more abundant such as GAS (+1.44%), HPG (+1.82%), MSN (+1.54%), PLX (+3.36%), SAB (+2.08%), SHB (+2.15%).

Sectors and stocks daily highlights

  • NVL (-6.85%) hit floor price over worries that the company’s Aqua City major project is under investigation by the police.
  • Oil & Gas stocks PVB (+9.80%), PVC (+4.86%), PVT (+6.84%) surged upon the discovery of two new oil & gas reserves by PVN.
  • Foreign investors net sold significantly VND 1,286 billion today. Sellings focused mainly on VHM (-0.37%) and TCB (+0.63%). On the other hand, HPG (+1.82%) and MWG (-0.34%) were the most net bought stocks.

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ディスクレイマー

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May,_8_2024__Daily_Recap_Report_EN