4/12/2024: VN-Index continuously plunged (-0.75%)

• Due to the martial law rise by the South Korean president last night, the VN-Index opened with a significant decline today.
• Although continuing to drop, the market experienced bouncing on the resistance line around 1,240 points several times.
• The momentum did not change also in the afternoon. Selling pressure kept pulling down the market further.
• These were the Retail and Financial Services sectors which recorded the largest decreases today, while the Media and Industrial Goods & Services sectors supported.
• Market breadth included 109 winners, 281 losers, and 65 unchanged.
• Liquidity decreased to VND 13.9 trillion, down 10.9%.

VN-30 underperformed (-0.87%)

• The basket was sluggish with 5 increasing stocks, and 25 decreasing stocks.
• SAB (+2.14%) was the only stock that recorded a more than 1% gain.
• Declining stocks were dominant, such as MWG (-2.84%), POW (-2.77%), and VRE (2.26%).

Sectors and stocks daily highlights

• The BOD of PC1 (-1.08%) has approved the establishment of its subsidiary in Philippines with 99.98% of capital contribution. The company was opened with the purpose of fostering a power plant project signed with a Philippines company.
• VTP (+6.27%) jumped up again after revealing that it is about to launch a new e-commerce platform called VIPO Mall specializing in wholesale goods from both Vietnam and China.
• Foreign investors strongly net sold VND 646 billion. MWG (-2.84%) and FPT (-1.03%) were the main destinations for the investors’ selling, while HAH (+4.49%) was relatively net- bought today.

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December,_4_2024__Daily_Recap_Report_EN