November 11, 2024: VN-Index continued weak price move (VN-Index -0.18%)

• VN-Index started on a shaky note, continuing last week’s weak price action.
• Stocks fell, especially large-cap stocks, and the index further extended its decline in the morning session.
• In the afternoon, the index rose on the back of a buying trend. However, it was not enough to turn the index into a green.
• The Media increased, followed by Basic Resources and Technology sector.
• Market breadth included 162 winners, 210 losers, and 69 unchanged.
• Liquidity increased by 40.8% to VND 19.6 trillion.

VN-30 pushed overall down (VN-30 -0.52%)

• The basket recorded 10 increasing stocks, 19 decreasing stocks, and 1 stock staying the same.
• STB (-4.79%), MWG (-3.08%), and TPB (-2.70%) declined particularly sharply.
• HPG (+2.59%), FPT (+1.84%), and MSN (+1.66%) supported the index.

Sectors and stocks daily highlights

• Seven strategic economic agreements were signed at the Vietnam-China Business Forum on November 8, including a MOU between Vietnam National Shipping Lines and Sinotrans Company. This was a good sign, and shipping stocks such as VOS (+6.78%) and VIP (+6.67%).
• Hau Giang Province approved the Mai Dam New Urban Area project invested by DXG (-0.92%).
• Foreign investors net sold VND946 billion. The net sold was led by MSN (+1.66%), CMG (+6.89%), and STB (-4.79%). On the other hand, HPG (+2.59%) was the most net bought.

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