September, 04 2024: VN-Index slightly declined (VN-Index -0.63%)

• VN-Index started the day with a plunge due to unfavorable U.S. economic indicators released from the day before. However, Vietnam’s August PMI released a positive figure which impeded the downward movement.
• The Banking, Financial Services, and Basic Resources sectors narrowed down the Index substantially.
• In the afternoon, the buying force gradually came back and hampered the selling pressure.
• The upward movement of the Real Estate, Construction and Materials sector anchored the market.
• Market breadth included 117 winners, 313 losers, and 49 unchanged.
• Liquidity improved by 16.3% to VND 15.7 trillion.

VN-30 weighed on the market (VN-30 -1.04%)

• The basket had 6 increasing stocks, 23 decreasing stocks, and 1 staying the same.
• VRE (+2.60%) and VHM (+2.41%) lifted the basket.
• Meanwhile, SSB (-3.65%), PLX (-3.29%), and VPB (-2.37%) significantly dragged down the market.

Sectors and stocks daily highlights

• MSN (-1.57%) announced to buy back 7.1% stake sales of WinCommerce from SK Group for US$200 million. Meanwhile, SK Group will continue its long-term investment in Masan Group through an extension of the put option for up to five years.
• FMC (-0.10%) released the business results in August 2024 with positive outcomes. The total sales reached USD 30.38 million, increasing by 35.7% YoY thanks to new corporation contracts with customers.
• Foreign investors net sold VND 766 billion today. The value of the net bought stocks was negligible. On the other hand, DGC (+1.32%), HPG (-0.98%), and VPB (-2.37%) had more than VND 100 billion net selling value for each stock.

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September,_04_2024__Daily_Recap_Report_EN