13/12/2024: VN-Index remained bearish (-0.38%)

• VN-Index opened today’s trading lower, dragged down by last night’s soft U.S. market action.
• Despite some buying back after the opening, investor sentiment remained weak, and the index continued to be heavily traded by the end of trading.
• There was no bias in market capitalization, and a wide range of stocks were sold across the board.
• The Oil & Gas and Basic Resources sectors were particularly active.
• Market breadth included 104 winners, 280 losers, and 74 unchanged.
• Liquidity decreased by 15.6% to VND 11.4 trillion.

VN-30 declined as well (-0.30%)

• The basket recorded 8 increasing stocks and 22 decreasing stocks.
• PLX (-1.78%), MSN (-1.39%), and HPG (-1.09%) were down over 1%.
• On the other hand, MWG (+1.67%) and VIB (+0.79%) supported the index.

Sectors and stocks daily highlights

• BSR (+4.65%), Vietnam’s largest oil refiner, announced yesterday that it had been approved for listing on the HoSE. Approximately 3.1 billion shares will be listed, and the closing price of the company’s shares on the UPCoM market is 22,500 VND, for a market capitalization of roughly VND70 trillion.
• VHM (-0.25%) proposed a development plan for a new urban area project in Vinh Phuc Province. The development area is 2,500 hectares with an estimated investment capital of VND 44.5 trillion.
• Foreign investors net-sold VND53 billion, with HDB (-0.84%) the most net-bought and VCB (-0.43%) the least net-sold.

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