November 18, 2024: VN-Index’s recovery fell short  (VN-Index -0.12%)

• VN-Index started above the reference mark, but soon followed the the footstep of the U.S stock market and fell into the red.
• Negative sentiment continued to weigh heavily on the market, particularly on Retails and Banking sectors, and gradually dragged the market down.
• Nevertheless, the market posted an impressive turnaround in the afternoon as investors reassessed positive news namely the proposal to extend 2% VAT exemption or the U.S classifying Vietnam as non-manipulation of currency.
• Financial Services sector led the recovery. A slight correction at the end caused the index to close in the red.
• Market breadth included 184 winners, 181 losers, and 70 unchanged.
• Liquidity decreased by 16.7% to VND 15.5 trillion.

VN-30 was almost balanced (VN-30 -0.08%)

• The basket recorded 12 increasing stocks, 14 decreasing stocks, and 4 staying the same.
• SSI (+1.46%), TPB (+2.56%), VHM (+1.37%) supported the index.
• Major decliners were more abundant with BCM (-1.47%), BVH (-1.35%), MWG (-1.67%), PLX (-1.82%), VJC (-1.55%)

Sectors and stocks daily highlights

• HAX (+1.95%), SVC (+2.11%) increased as automobiles sales jumped thanks to the 50% cut on registration fee.
• MST (+7.55%) surged after securing a VND 2,014 billion contract to provide equipments and materials for Greenhill Village Quy Nhon project.
• Foreign investors sold significantly again by VND 1,457 billion. SSI (+1.46%) and VHM (+1.37%) were the most net sold stocks. On the other hand, most net bought stocks were minor in comparison.

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