5/12/2024: VN-Index was robust (+2.19%)
- VN-Index opened with moderate positive sentiment. Although the Index fluctuated after that, it remained slightly higher than the reference mark in the morning.
- The trading liquidity presented nearly unchanged compared to yesterday, at VND 5.7 trillion.
- It was not until the afternoon that the market surged suddenly and the buying force kept grinding at the end.
- Apart from the Travel and Leisure sector, the rest aggressively increased, led by the Financial Services, Basic Resources, Technology, and Retail sectors.
- Market breadth included 347 winners, 55 losers, and 50 unchanged.
- Liquidity enhanced by 51% to VND 21 trillion.
VN-30 lifted the market (+3.06%)
- The basket had 29 increasing stocks and 1 decreasing stock.
- SSI (+6.86%), MWG (+4.99%), and STB (+4.78%) were top gainers.
- BVH (-0.19%) slightly declined after notable rising sessions.
Sectors and stocks daily highlights
- FPT (+3.48%) has established a new company specializing in artificial intelligence (AI) and cloud services in Japan. This move is aimed at expanding its technological presence and offerings in the Japanese market, leveraging its expertise in digital transformation.
- MSN (+2.22%) has announced a resolution to contribute an additional 510 billion VND to the charter capital of The Sherpa Co., Ltd., a wholly-owned subsidiary of Masan. This capital injection is intended to fund the acquisition of shares in Nyobolt Limited, a company specializing in fast-charging lithium-ion battery solutions.
- Foreign investors recorded a net buying value of VND 670.8 billion, driven by HPG (+4.31%), MSN (+2.22%), and FPT (+3.48%). Meanwhile, VCB (+0.53%) was the only significant net-sold stock.
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