October, 02 2024: VN-Index dropped due to geopolitical risks (VN-Index -0.34%)

• VN-Index started lower as investor sentiment declined due to concern over worsening situation in the Middle East following Iran’s missile attack on Israel last night.
• In the morning session, the index temporarily rose thanks to buying in the Oil & Gas sector, driven by higher oil prices, but soon turned downward.
• Although buying by foreign investors supported the market, a downward trend persisted until the close.
• While Oil & Gas and Media sectors supported the index, Basic Resources and Real Estate sectors dragged it down.
• Market breadth included 96 increasing, 299 decreasing, and 73 unchanged stocks.
• Liquidity declined by 19.2%, reaching VND17.7 trillion.

VN-30 also fell back (VN-30 -0.32%)

• The basket recorded 10 increasing stocks, 19 decreasing stocks, and 1 staying the same.
• Notable gains included TPB (+2.34%), TCB (+1.01%), and PLX (+1.01%).
• Declines were led by HPG (-1.68%), HDB (-1.68%), and SAB (-1.56%).

Sectors and stocks daily highlights

• MCH, a subsidiary of MSN (-0.78%), today approved a board resolution regarding the transfer from the UpCOM market to the HoSE; listing on the HoSE is expected in 2025.
• POW (-0.38%) yesterday signed a credit agreement worth USD520 million with Citi Bank (USA) and ING Bank (Germany) to finance the Nhon Trach 3&4 power plant project. The project is expected to have a total capacity of 1,500 MW with a total investment of USD1.4 billion.
• Foreign investors net bought by VND253 billion, with TCB (+1.01%) and PNJ (+1.03%) the most net bought while VPB (-1.01%) was the most net sold.

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October,_02_2024__Daily_Recap_Report_EN