November 8, 2024: VN-Index lost momentum (VN-Index -0.57%)

• Despite another 0.25 percentage point cut from the Fed, VN-Index gradually declined after the trading session had opened.
• The Real Estate, Banking, and Industrial Goods and Services sectors dragged down the Index.
• In the afternoon, some buying force showed up to anchor the market, but it was not enough. Therefore, the Index slightly expanded downward movement at the end.
• Selling pressure put a strain on the Banking, Real Estate, and Food and Beverage sectors to narrow down the Index.
• Market breadth included 125 winners, 254 losers, and 62 unchanged.
• Liquidity increased by 11.2% to VND 13.9 trillion.

VN-30 decreased at a faster pace (VN-30 -0.70%)

• The basket recorded 4 increasing stocks, 24 decreasing stocks, and 2 stocks staying the same.
• VHM (-3.38%), CTG (-1.69%), and VIC (-1.56%) weighed on the basket
• BVH (+2.85%) was the only notable increasing stock.

Sectors and stocks daily highlights

• VHC (+2.90%) announced the dividend payment by cash at a rate of 20% from undistributed earning sources. The record date will be on December 6, 2024, while the payment date will be on December 18, 2024.
• TDM (-0.40%) revealed the 10M2024 business outcomes with an amount of water consumption at 56,629 cubic meters. The total revenue recorded VND 463.5 billion, decreasing by 6% YoY.
• Foreign investors net sold VND 1,162 billion by focusing on CMG (+1.32%), VHM (-3.38%), and MSN (-1.36%). Meanwhile, net buying value was insignificant.

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