24/12/2024: VN-Index closed under (VN-Index -0.19%)

• Initially starting near the reference mark, VN-Index quickly suffered pressures from Real Estate and Banking sector.
• The negativity from DXG (-6.80%) spread across the Real Estate sector, leading to the gradual decline of the market amidst the lack of support from major stocks.
• Nevertheless, buying force stepped in in the second half and led market up.
• Although unable to make it back to green, the market posted recovery for the full afternoon session.
• Cashflow also improved, focusing on Fertilizer stocks.
• Market breadth included 163 winners, 237 losers, and 63 unchanged.
• Liquidity picked up notably by 29.2% to VND 15.9 trillion.

VN-30 made full recovery (+0.02%)

• The basket recorded 9 increasing stocks, 13 decreasing stocks, and 8 staying the same.
• BID (-1.30%) and HPG (-1.11%) were the only 2 stocks seeing changes greater than 1%.

Sectors and stocks daily highlights

• Both DXG (-6.80%) and DXS (-6.98%) hit floor price after DXG announced the offering of 150 million shares to existing shareholders at the price of VND 12,000/share.
• Logistic stocks GMD (+1.08%), SCS (+6.26%), VOS (+5.60%), VSC (+1.89%) recorded a positive session after the MoIT set a 12% growth target for export in 2025.
• Foreign net buying edged the win with VND 44.1 billion net bought today. SSI (+0.39%) and MWG (+0.49%) were the most net bought stocks. On the other hand, BID (-1.30%) was the most net sold stock by a large margin.

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