Update news on November, 6 2024
06-11-2024

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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Japan Securities Co., Ltd. is a financial instruments dealer registered with SSC(State Securities Commission of Viet Nam): Registration Number 129/GP-UBCK, and a member of VNX (Vietnam Stock Exchange), HNX (Hanoi Stock Exchange), HOSE (Hochiminh Stock Exchange) & VSDC (Vietnam Securities Depository and Clearing Corporation), and is registered address is  Suite 701, Tower 1, Capital Place, 29 Lieu Giai, Ngoc Khanh, Ba Dinh,  Hanoi, Vietnam.

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