26/12/2024: VN-Index lost its positive momentum (VN-Index -0.09%)

• Following yesterday’s significant increase, the VN-index opened high above the reference level today. It was expected to rise with the momentum.
• However, the buying force suddenly started to withdraw from the market, which led to getting the Index back to the reference level.
• In the afternoon, it failed to recover the gain several times due to the continuing stagnant sentiment.
• The Media and the Insurance sector weighed, while the Utilities and the Health Care were relatively positive in reverse.
• Market breadth included 186 winners, 227 losers, and 70 unchanged.
• Liquidity considerably dropped by 25.9% to VND 13.7 trillion.

VN-30 slightly gain (+0.01%)

• The basket recorded 11 increasing stocks, 15 decreasing stocks, and 4 stocks unchanged.
• SSB (-2.03%) and BVH (-1.87%) notably declined.
• On the other hand, VIB (+2.86%) and STB (+2.34%) helped the Index keep the gain.

Sectors and stocks daily highlights

• According to the BOD resolution of SGN (+2.79%), the company will lead a consortium to implement a project worth 790 billion VND at Long Thanh International Airport. The enterprise contributes 75% of the joint venture.
• YEG (-6.90%) hit its floor after an announcement that the result of the second season of “Chi Dep Dap Gio Re Song” was not as good as expected.  The 7-day consecutive surge also almost doubled the stock price in the recent trading days.
• Foreign investors net-sold VND 365 billion. Foreign investors significantly focused on selling VCB (-0.32%), while no stocks recorded notable net-bought value today.

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December,_26_2024__Daily_Recap_Report_EN