November 19, 2024: VN-Index failed to gain again  (VN-Index -0.98%)

• VN-Index started above the reference mark but soon failed to beat the current negative momentum. The Index began to decline.
• Negative sentiment was the most notable in the Technology sector. The Retail and Chemical sectors were in the following positions.
• The Index reached and tried to surpass the reference price twice in the afternoon session. However, the market ended up with a drop as the buying force was not strong enough.
• The Oil & Gas was the only sector recorded in the positive direction, while the Technology sector kept its negativity.
• Market breadth included 83 winners, 287 losers, and 55 unchanged.
• Liquidity decreased again by 14.9% to VND 13.2 trillion.

VN-30 was somewhat better (VN-30 -0.88%)

• The basket recorded 7 increasing stocks, 22 decreasing stocks, and 1 staying the same.
• VHM (+3.43%) notably increased and supported the market.
• Major decliners were more abundant with BCM (-4.48%), FPT (-2.99%), GVR (-2.41%), and MWG (-2.48%).

Sectors and stocks daily highlights

• EIB (-0.83%) denied a rumor of being inspected by the State Bank for a violation nature in the bank’s credit granting activities. The bank confirmed that they have not received any Decision from the State Bank.
• The State Securities Commission (SSC) has just sent a document to QCG (-6.77%) regarding the audited financial statements for 2023. Its audit records were not accepted due to a lack of sufficient appropriate audit evidence.
• Foreign investors sold significantly again by VND 1,661 billion.VHM (+3.43%), FPT (-2.99%), and HDB (+0.41%) were the most net sold stocks. On the other hand, most net-bought stocks were minor in comparison.

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