30/12/2024: VN-Index traded in red (VN-Index -0.24%)

• VN-Index opened with divergence as investors stayed cautious before the last few trading sessions of the year as well as the declining U.S stock market.
• Profit-taking pressures on Banking and Basic Resources sectors quickly pulled the index under.
• As cashflow remained weakened, the market could not breakthrough from the negativity and traded in red for the entire day.
• A turnround from large cap stocks helped the market to narrow the decline at the end.
• Market breadth included 122 winners, 299 losers, and 72 unchanged.
• Liquidity decreased significantly by 31.0% to VND 11.6 trillion.

VN-30 made full recovery (+0.04%)

• The basket recorded 6 increasing stocks, 20 decreasing stocks, and 4 staying the same.
• Although smaller in number, the large gains from increasing stocks HDB (+6.81%), POW (+1.25%), STB (+1.20%) helped the index to close in green.
• Meanwhile, major decliners were BID (-2.30%), SSB (-1.18%), VIB (-1.50%), VJC (-1.09%).

Sectors and stocks daily highlights

• MWG (-0.65%) declined after its Bach Hoa Xanh chain was found selling bean sprouts soaked in banned chemicals.
• VGC (+1.01%) set optimistic plan for 2025 at VND 14,437 billion revenue (+8% YoY) and VND 1,743 billion profit before tax (+57% YoY).
• Foreign investors net bought by VND 357 billion. STB (+1.20%) and CTG (+0.26%) were the most net bought stocks. On the other hand, net sold stocks were all relatively minor.

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