October 17 2024: VN-Index fluctuated strongly on derivatives expiration date (VN-Index +0.55%)

• VN Index opened above the reference mark and remained relatively stable at this level for the beginning of the morning session.
• Nevertheless, investors remained cautious of volatile trading on derivatives expiration date, causing cash flow to shrink.
• As such, the market began to lose steam and plunged into the red.
• However, cash flow quickly returned in the afternoon and spread across sectors.
• Real Estate and Banking sectors were the main drivers in helping the market to make a full recovery and close at day’s highest.
• Market breadth also turned green with 224 winners, 128 losers and 79 unchanged.
• Liquidity picked up by 17.3% to VND 15.6 trillion.

VN-30 was mainly positive (VN-30 +0.65%)

• The basket recorded 23 increasing stocks and 7 decreasing stocks.
• HDB (-1.66%) was the only major decliner.
• Meanwhile, notable gainers included STB (+2.98%), TPB (+2.29%), MBB (+1.57%), ACB (+1.55%).

Sectors and stocks daily highlights

• TNG (+3.73%) released impressive results for 3Q2024 with VND 2,358 billion revenue (+12% YoY) and VND 111 billion net profit (+63% YoY).
• HPG (+0.55%), HSG (+1.46%), NKG (+0.71%) saw some positivities as China extended its measures to support the country’s property market.
• Foreign investors continued to net sell VND 395 billion. HDB (-1.66%) once again topped the net sold stocks list; while for the net bought list it was STB (+2.98%) and NTL (+2.98%).

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