Update news on November, 7 2024
07-11-2024

November 7, 2024:  VN-Index had “Trump trade” at the beginning (VN-Index -0.12%)

  • Following Trump’s victory speech for the U.S. election last night, VN-Index was still influenced by sentiment in the U.S. stock market. It opened high above the reference level with active trades.
  • The Technological and the Oil & Gas sectors took leads in the market, while the Retail sector showed some negativity in the morning session.
  • In the afternoon, the positive sentiment somewhat became weaker toward the end. The Index finally fell below the reference price.
  • The Retail sector continued to weigh on the market. The increase of the small sector like the Media sector could not outperform.
  • Market breadth included 165 winners, 193 losers, and 74 unchanged.
  • Liquidity fell by 12.1% to VND 12.5 trillion.

VN-30 decreased at the end (VN-30 -0.22%)

  • The basket recorded 5 increasing stocks, 20 decreasing stocks, and 5 stocks staying the same.
  • MSN (-1.21%), GVR (-1.19%) were the 2 stocks that dropped the most.
  • Increases in 5 stocks were all subtle such as PLX (+0.37%), and FPT (+0.37%)

Sectors and stocks daily highlights

  • VTP (+6.91%) surged after the news that the company investing in the Viettel Logistics Park project in Lang Son to make a gateway between China and ASEAN countries.
  • MSCI announced 2 Vietnamese stocks, VPB (-0.76%), and DBC (+0.18%) will be in the MSCI Frontier Market Index from an effective date November 29. After the amendment, the total component of Vietnamese stocks in the index will be 25.0%
  • Foreign investors net sold throughout the day with VND 390 billion today. VHM (-0.36%) was still a destination for Foreign investors’ selling. On the other hand, there were minor net buyings on MWG (-0.30%) and STB (+0.28%).

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