November 6, 2024: VN-Index surged on U.S’s election (VN-Index +1.25%)
- VN-Index closely followed the U.S presidential election today, starting high above the reference mark along with global sentiment as investors rooted for Trump to win.
- As Trump slowly gained advantage throughout the day, the market also gradually climbed up, led by Financial Services and Banking stocks.
- The market continued to surge stronger in the afternoon after important victories of Trump in swing states, almost guaranteeing the overall result.
- Positivity spread across sectors, and the market ended the day near the highest level.
- Market breadth included 312 winners, 61 losers, and 56 unchanged.
- Liquidity improved by 28.1% to VND 14.1 trillion.
VN-30 was highly positive (VN-30 +1.23%)
- The basket recorded 29 increasing stocks, no decreasing stock, and only MWG (0.00%) staying the same.
- GVR (+5.14%) was the strongest gainer, followed by BCM (+2.43%), CTG (+2.43%), TPB (+2.42%), POW (+2.16%).
Sectors and stocks daily highlights
- Industrial park developers KBC (+6.85%), SZC (+6.99%), SIP (+6.89%) surged as the potential election of Trump is expected to pull FDI away from China and Vietnam is a favorable alternative destination.
- SGN (+1.18%) is looking to bid for the ground repair and maintenance services package at Long Thanh International Airport.
- Foreign investors net sold another VND 383 billion today. Net sellings continued to focus on MSN (+1.50%) and VHM (+0.12%). On the other hand, there were minor net buyings on HPG (+1.70%) and TCB (+1.92%).
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