Update news on June,13 2024
14-06-2024

June, 13 2024:VN-Index moved sideways around the 1,300 level (VN-Index +0.10%)

  • VN-Index started well above the reference mark along with the U.S stock market as the U.S CPI data in May was lower than expected.
  • However, delayed rates cut view from the Fed kept investors cautious. As such, the index gradually dropped back down.
  • After breaking the 1,300 level, the market found cushion around this level and bounced back upon touching it.
  • The similar story continued in the afternoon, only that the fluctuation range was larger.
  • Banking sector was the main support to the market for the most part as other major stocks corrected.
  • Market breadth maintained green with 246 winners, 187 losers, and 77 unchanged.
  • Liquidity was almost unchanged at VND 23.0 trillion.

VN-30 followed market movement (VN-30 +0.15%)

  • The basket was relatively balanced with 14 increasing stocks, 15 decreasing stocks and 1 staying the same.
  • As mentioned above, major gainers were mainly Banking stocks such as ACB (+1.02%), CTG (+1.19%), MBB (+1.95%), SHB (+1.69%), TPB (+2.98%)
  • Notable decliners were FPT (-1.52%), GVR (-1.12%), PLX (-2.09%), SAB (-2.09%).

 

Sectors and stocks daily highlights

  • MSN (+1.03%) jumped after Vietnamese instant noodle products were removed from EU’s control list.
  • NLG (+1.38%) is looking to raise VND 550 billion for two subsidiary companies through bond issuance.
  • Foreign investors net sold heavily today by VND 1,413 billion. FPT (-1.52%) continued to see major profit-taking activity. On the other hand, MBB (+1.95%) was the most net bought stock.

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