6/12/2024: VN-Index extended gain (+0.21%)

• VN-Index opened well above the reference mark following the visit of Nvidia’s CEO to Vietnam.
• Technology sector quickly led the index up. However, weakened growth from Banking and Steel sectors caused market to retreat slightly.
• Trading activity became quieter in the afternoon as investors turned to wait-and-see.
• Thus, the market fluctuated mostly sideway, and was able to maintain the overall green.
• Market breadth was actually somewhat negative with 170 winners, 204 losers, and 73 unchanged.
• Liquidity decreased by 16.2% to VND 17.6 trillion mostly due to slower second half.

VN-30 nearly unchanged (-0.02%)

• The basket recorded 13 increasing stocks and 17 decreasing stock.
• Although smaller in number, gaining stocks saw larger increases such as GVR (+2.23%), SSI (+2.53%), VIC (+2.45%), BID (+1.30%).
• Meanwhile, notable decliners were only BCM (-1.03%), SHB (-1.43%), TPB (-1.22%).

Sectors and stocks daily highlights

• VIC (+2.45%) jumped after Vinbrain was acquired by Nvidia. The exact value of the deal was not yet disclosed.
• NKG (-1.55%) planned to offer 131.6 million shares to existing shareholders at a price of VND 12,000/share. The capital will be used to invest into Nam Kim Phu My factory project.
• Foreign investors recorded a net buying value of VND 356.8 billion. SSI (+2.53%) and HPG (-0.90%) were the most net bought stocks. On the other hand, FPT (+0.67%) and MWG (+0.16%) led the net sold list.

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December,_6_2024__Daily_Recap_Report_EN