November 20, 2024: VN-buyer made a comeback  (VN-Index +0.95%)

• VN-Index started the day with optimism as the bottom-fishing force strongly stepped in after several decline sessions.  The trading value also improved to VND 9.1 trillion in the morning.
•  The buying orders mainly focused on the Real Estate, Financial Services, Banking, and Basic Resources sectors.
• In the afternoon, the market managed to go slightly higher but the seller also came in at the end to slow down the gaining momentum.
• Technology sector reversed from the loss in the morning and picked up notably, while the Banking sector also accelerated to contribute to the growth at the end.
• Market breadth included 250 winners, 148 losers, and 57 unchanged.
• Liquidity increased by 34.8% to VND 17.8 trillion.

VN-30 performed better (VN-30 +1.00%)

• The basket recorded 24 increasing stocks, 2 decreasing stocks, and 4 staying the same.
• BCM (+2.66%), VHM (+2.61%), and TCB (+2.01%) lifted the market.
• Meanwhile, only MWG (-1.22%) and GAS (-0.44%) decreased.

Sectors and stocks daily highlights

• FPT (+1.85%) announced the 10M2024 business results with revenue and profit before tax recording VND 50,796 billion (+19.6 YoY) and VND 9,226 billion (+21.4% YoY), in that order. These figures completed 82% revenue target and 85% profit before tax target in 2024.
• PVD (+0.43%) revealed the Resolution to seek approval regarding the investment in a joint venture company in Indonesia. This will help PVD provide jack-up drilling rigs and drilling services in that country.
• Foreign investors net sold VND 1,199 billion, focusing on VHM (+2.61%), FPT (+1.85%), and MSB (+0.89%). On the other hand, the value of net-bought stocks was negligible.

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