October 04 2024: VN-Index worsening (VN-Index -0.59%)

• VN-Index started in the green, but quickly fell under as market sentiment turned negative following the failure to overtake the 1,300 mark.
• After some small fluctuations around the reference, the market quickly tumbled with shrinking cash flow.
• Banking sector, previously the supporter of the market, now became the major weigh on the market’s performance.
• In the afternoon session, the index saw two more failed attempt to recover to the green, before plunging further to day’s lowest.
• Market breadth was negative with 101 winners, 290 losers and 61 unchanged.
• Liquidity declined massively by 41.0% to VND 13.7 trillion.

VN-30 mirror market movement (VN-30 -0.76%)

• The basket recorded only 5 increasing stocks, 22 decreasing stocks, and 3 staying the same.
• Decliners by more than 1% were widespread, but the most notable ones were VNM (-2.56%), STB (-1.93%), VRE (-1.88%), GVR (-1.83%).
• PLX (+1.58%), POW (+1.17%), GAS (+1.10%) were major gainers.

Sectors and stocks daily highlights

• Steel stocks HPG (0.00%), HSG (+1.20%), NKG (+0.46%) were somewhat supported by HPG’s decision to raise steel prices.
• PVB (+2.70%), PVD (+1.65%), PVS (+1.72%) rose along with oil prices due to conflicts escalation in the Middle East.
• Foreign investors net sold by VND 571 billion today. Selling focused on VHM (-0.24%). On the other hand, most net bought stocks were rather minor.

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October,_04_2024__Daily_Recap_Report_EN