November 14, 2024: VN-Index fell substantially (VN-Index -1.14%)
- VN-Index started the day with a slight optimism but the seller soon kicked in and narrowed down the market below the reference mark.
- The downward movement of the Banking, Financial Services, and Basic Resources sectors primarily put a strain on the Index.
- The selling pressure continued to accelerate further in the afternoon and notably dragged down the market at the end.
- Pessimism pervaded nearly all sectors as the selling force increased significantly at the end.
- Market breadth included 82 winners, 284 losers, and 62 unchanged.
- Liquidity increased by 5.2% to VND 16.1 trillion.
VN-30 weighed on the market (VN-30 -1.33%)
- The basket recorded 5 increasing stocks, 23 decreasing stocks, and 2 staying the same.
- SSI (-2.95%), HPG (-2.77%), and STB (-2.69%) were the most declined stocks.
- Meanwhile, the growth percentage of increasing stocks was negligible.
Sectors and stocks daily highlights
- VHC (-0.27%) announced the business results in October 2024 with a revenue of VND 1,206 billion (+59% YoY). This was driven by higher demand from the U.S. and China markets for pangasius products (+70% YoY) and miscellaneous (+42% YoY).
- CTR (-3.84%) released the October 2024 business performance with revenue and net profit of VND 1,250 billion (+11% YoY) and VND 62 billion (-7% YoY), in that order. In 10M2024, the firm has completed 82% revenue target and 81% net profit target.
- Foreign investors net sold VND 944 billion which mostly focused on FPT (-1.31%), VPB (-1.81%), and MSB (-0.85%). On the other hand, the net buying value was insignificant.
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