October 09 2024: VN-Index was surged by Blue-chip stocks (VN-Index +0.78%)

• After an announcement by FTSE early in the morning stating that the Vietnamese market remains on the Watch List, the VN Index started the day without active transactions.
• The index maintained above the reference price in spite of disappointments for the announcement from market participants.
• The buying volume was relatively improved and boosted the market further in the afternoon session.
• The Basic Resources sector was the main driver, followed by the Travel & Leisure sector. The Retail sector weighed on the contrary.
• Market breadth had 255 increasing, 114 decreasing, and 78 unchanged stocks.
• Liquidity recovered slightly by 7.8% to VND 17.0 trillion.

VN-30 pushed the whole market  (VN-30 +0.96%)

• The basket recorded 22 increasing stocks, 7 decreasing stocks, and 1 staying the same.
• Many stocks recorded favorable outcomes such as ACB (+2.94%), MSN (+2.39%), and SSB (+2.34%).
• MWG (-1.53%) was the only stock with a more than 1% drop.

Sectors and stocks daily highlights

• VIX (+0.42%) announced its 3Q2024 results. Its operating revenue reached VND 554 billion (+71% YoY) and profit after tax was VND 265 billion (+33.2% YoY). Although the brokerage revenue dropped by 16.8% from 3Q2023, the company made profits from the interest on their proprietary trading.
• TTF (0.00%) received a document from HOSE on the delay in disclosing information about the company’s frozen bank account. The account has been frozen due to a dispute over a goods sale contract since October 1^st.
• Foreign investors net sold VND 47 billion. The net-bought value in HPG (+2.04%) was substantial while VPB (+0.75%) had a significant amount in the other direction.

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