November 1, 2024:  VN-Index turned negative (VN-Index -0.76%)

• VN-Index started below the reference mark, affected by the underperforming U.S stock market yesterday.
• Investors sentiment became cautious and cash flow shrunk, making it easier for sell-side to gain dominance.
• The residual positivity of Banking sector was the only thing keeping the market afloat.
• However, in afternoon session, Banking stocks eventually were also engulfed in the red.
• Negativity grew stronger across the sectors and drag the market down.
• Market breadth included 86 winners, 289 losers, and 60 unchanged.
• Liquidity went down by 17.8% to VND 14.8 trillion.

VN-30 covered in red (VN-30 -0.97%)

• The basket recorded 3 increasing stocks, 25 decreasing stocks, and 2 staying the same.
• Major decliners were abundant such as POW (-2.93%), MSN (-2.74%), GVR (-1.82%), MBB (-1.80%).
• Nevertheless, the few gaining stocks BVH (+1.40%) and SSB (+2.42%) were still notable.

Sectors and stocks daily highlights

• BCG (+5.18%) surged as its net profit in 3Q2024 recorded a significant growth, standing at VND 331 billion (+3,521% YoY).
• Similarly, HDG (+2.44%) gained thanks to impressive results of VND 567 billion revenue (+23% YoY) and VND 182 billion net profit (+83% YoY) in 3Q2024.
• Foreign investors net selling lessened to VND 301 billion. The main focus was on MSN (-2.74%) after the shares tranfer by SK Group. On the other hand, VPB (-1.47%) and TCB (-0.84%) were the most net bought stocks.

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November,_1_2024__Daily_Recap_Report_EN