10/12/2024: VN-Index fluctuated without noticeable direction (-0.14%)

• Following yesterday’s moderate trading, the VN-Index opened slightly below the reference mark and fluctuated at the level.
• The Banking sector appeared to be positive at first but soon started declining, which reflected the fluctuations.
• The index moved wider range in the afternoon. The selling forces gradually took advantage of the market and dragged it down.
• The Real Estate sector was the most stagnant today, while the Technology sector still recorded the increase.
• Market breadth included 170 winners, 223 losers, and 80 unchanged.
• Liquidity decreased by 14.1% to VND 14.4 trillion.

VN-30 moved nearly sideways (-0.02%)

• The basket recorded 11 increasing stocks, 17 decreasing stocks, and 2 unchanged.
• HDB (+3.70%) had a noticeable gain as reaching an Ex-date for cash dividend.
• VIC (-1.55%), and STB (-1.27%) weighed the Index.

Sectors and stocks daily highlights

• SBI Holdings, a Japanese financial company, is considering an investment in FPT’s (+1.70%) AI data center in Japan by the end of next January. The investment amount will be 35% of the capital of its subsidiary, FPT Smart Cloud Japan, in total.
• A joint venture of BCM (+0.15%) with the Warburg Pincus investment fund (USA) plans IPO in Vietnam soon, depending on the market’s situation. The joint venture develops and leases ready-built factories and warehouses. BCM contributes 24.06% equivalent to VND 4,100 billion so far.
• Foreign investors net-sold VND 134 billion. FPT (+1.70%) was the most notable on the net-bought side while the largest net-sold stock was MWG (-0.49%).

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December,_10_2024__Daily_Recap_Report_EN