October 18 2024:  VN-Index’s movement was mild (VN-Index -0.08%)

• Following stable economic readings of the U.S. from the previous evening, the VN-Index opened and hovered around the reference mark. However, the selling force near the 1,300 resistance dragged the market down.
• The Basic Resources, Retail, and Food & Beverage sectors weighed on the Index.
• The market fluctuated in the afternoon and ended the trading day with a slight decrease.
• The decline in Financial Services and Basic Resources sectors put a hindrance on the market.
• Market breadth had 157 winners, 211 losers, and 72 unchanged.
• Liquidity was nearly unchanged, recording VND 15.3 trillion.

VN-30 remained sluggish (VN-30 -0.01%)

• The basket included 12 increasing, 13 decreasing, and 5 unchanged stocks.
• VPB (-1.67%) and HPG (-1.10%) were the only two stocks to decrease over 1%.
• Meanwhile, STB (+2.75%), HDB (+1.50%), and VJC (+1.14%) anchored the basket.

Sectors and stocks daily highlights

• LPB (+0.78%) revealed the 3Q2024 business outcomes with favorable results. The profit before tax reached VND 2,899 billion (+133.7% YoY) thanks to the surge of the net interest income (+43.5% YoY) and net fee income (+519.5% YoY). The credit and deposit growth reached 15.8% YTD and 14.2%, respectively.
• FPT (0.00%) released the 9M2024 business results with revenue and profit before tax recording VND 45,241 billion (+19% YoY) and VND 8,111 billion (+20% YoY), in that order. These figures completed 73% of the revenue target and 75% of the profit before-tax target in 2024.
• Foreign investors net sold VND 209.9 billion but no significant net sold stock. On the other hand, only MWG (-0.15%) had the most net buying value.

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