November 12, 2024: VN-Index dropped for four consecutive sessions (VN-Index -0.44%)

• VN-Index started high above the reference mark following the positive movement of the U.S stock market.
• Financial Services sector led the market initially, but it was not enough for the a breakthrough.
• Tired sentiment remained strong, as shown through the shrinking cash flow. Thus, the market gradually lost momentum.
• The market dropped into the red in the afternoon as major sectors Banking and Real Estate turned red, and continued the downward trend for the rest of the day.
• Market breadth included 120 winners, 236 losers, and 79 unchanged.
• Liquidity went down by 27.6% to VND 14.2 trillion.

VN-30 underperformed (VN-30 -0.65%)

• The basket was mostly negative with 5 increasing stocks, 20 decreasing stocks, and 5 staying the same.
• MWG (-3.49%) was the most notable decliners, followed by GVR (-1.50%), MSN (-1.36%), CTG (-1.29%).
• SAB (+2.35%) contributed the most to the index overall.

Sectors and stocks daily highlights

• Oil & Gas stocks PVD (-4.54%), PVC (-1.71%) decreased as global oil prices lost more than 2% due to smaller than expected China stimulus package.
• Technology stocks CMG (+1.74%), VTP (+6.98%), VGI (+2.59%), CTR (+1.39%) went against the market as major U.S tech companies are looking to invest into Vietnam.
• Foreign investors net sold VND 608 billion. TCB (-0.65%) topped the net sold list. On the other hand, STB (-0.74%) was the most net bought stock.

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