October 07 2024: Selling pressure eased (VN-Index -0.05%)

• VN-Index opened with a slight optimism in the morning thanks to favorable economic readings in 3Q2024 despite certain damage from the Yagi typhoon. However, trading volume was mild.
• The Banking, Financial Services, and Real Estate sectors lifted the market.
• The selling pressure decently kicked in, digested the gain prior, and dragged the market marginally below the reference mark.
• Excepting for the Financial Services segment, other sectors contracted and weighed on the market.
• Market breadth had 170 increasing, 202 decreasing, and 86 unchanged stocks.
• Liquidity continued to decrease by 16.1% to VND 11.8 trillion.

VN-30 kept up with the same pace (VN-30 -0.05%)

• The basket recorded only 11 increasing stocks, 16 decreasing stocks, and 3 staying the same.
• STB (+2.11%), TPB (+1.45%), and SSI (+1.10%) anchored the basket.
• Meanwhile, SSB (-2.29%), VNM (-2.04%), and HDB (-1.65%) narrowed down the gain.

Sectors and stocks daily highlights

• MBB (+0.40%) announced a Notice of public bond offering (2^nd tranche 2024) with a value of VND 3,104 billion. These bonds will be used to finance the tier 2 capital to assist the demand for credit growth and will be matured after 6 years.
• VJC (-0.28%) and Castlelake – a global fund management company – signed a financial arrangement for four Airbus aircraft valued at 560 million USD. These aircraft are to be delivered to VJC in late 2024.
• Foreign investors net sold VND 337 billion today, driven by VPB (0.00%) and HDB (-1.65%). On the other hand, STB (+2.11%) and TCB (+0.42%) were the most net-bought stocks.

＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿＿

【Disclaimer】

This material has been prepared by Japan Securities Co., Ltd. (JSI) for the purpose of providing investors with relevant information. JSI makes no representation or warranty regarding the completeness and accuracy of such information. This material is provided, for information purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction.

We are not responsible for any errors or omissions or for the results obtained from the use of such information.

This note is confidential and is being supplied only to you solely for your information and may not be reproduced, redistributed, or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose.

In the United States, this report is intended for distribution solely to major Institutional Investors as defined in Rule 15a-6 under the Securities Exchange Act of 1934.

Japan Securities Co., Ltd. is a financial instruments dealer registered with SSC(State Securities Commission of Viet Nam): Registration Number 129/GP-UBCK, and a member of VNX (Vietnam Stock Exchange), HNX (Hanoi Stock Exchange), HOSE (Hochiminh Stock Exchange) & VSDC (Vietnam Securities Depository and Clearing Corporation), and is registered address is  Suite 701, Tower 1, Capital Place, 29 Lieu Giai, Ngoc Khanh, Ba Dinh,  Hanoi, Vietnam.

October,_07_2024__Daily_Recap_Report_EN