October 10 2024: VN-Index cooled down at the end (VN-Index +0.35%)

• The market started high above the reference mark following the momentum of yesterday’s session as well as the positive U.S stock market.
• Banking sector returned as the main driver and led the market up with widespread green.
• Nevertheless, the market once again stopped short before the 1,300 level.
• Buying forces began to weaken in the afternoon and stocks gradually turned red across the market.
• It was the gain of individual large cap stocks that helped the market to stay in the green.
• Market breadth recorded 163 winners, 206 losers and 69 unchanged.
• Liquidity increased by 8.2% to VND 18.4 trillion thanks to upbeat sentiment in the morning.

VN-30 held market up  (VN-30 +0.64%)

• The basket saw balance with 14 increasing stocks, 14 decreasing stocks, and 2 staying the same.
• FPT (+4.65%), MSN (+3.90%), SAB (+2.30%) gained significantly and were the major supporters to the index.
• Decliners were minor with the exception of STB (-1.61%).

Sectors and stocks daily highlights

• The gain of MSN (+3.90%) came after the company was forecasted to recorded a 1,250% YoY net profit growth in 3Q2024.
• FMC (+0.42%) reported USD 30.2 million revenue (+48.5% YoY) in September, making its total revenue in 3Q2024 the highest ever.
• Foreign investors net bought a high amount of VND 512 billion. MSN (+3.90%) and FPT (+4.65%) were the most net bought stocks. On the other hand, STB (-1.61%) was the only stock net sold by more than VND 100 billion.

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