October 21 2024:  VN-Index shows lackluster price movement (VN-Index -0.44%)

• VN-Index opened the trading session erratically as the market was cautious ahead of the earnings peak.
• Amid a lack of information for investment decisions, Vin stocks showed firm price movements in the morning session.
• The index was mostly flat, with a downward trend in the late afternoon.
• By sector, Real Estate was notable for its rise.
• Market breadth had 99 winners, 287 losers, and 46 unchanged.
• Liquidity declined by 6.5% to VND 14.3 trillion.

VN-30 was supported by Vin stocks (VN-30 -0.34%)

• The basket included 5 increasing, 23 decreasing, and 2 unchanged stocks.
• In particular, CTG (-2.07%), GVR (-1.81%), and PLX (-1.77%) decreased sharply.
• VHM (+5.64%), VRE (+1.87%), and VIC (+1.08%) supported the index.

Sectors and stocks daily highlights

• VHM (+5.64%) was buoyed by VEF’s Q3 2024 results, which showed that short-term prepayments from homebuyers surged to VND12.2 trillion from VND40 million at the beginning of the year, as the company is jointly involved in the Vinhomes Co Loa project.
• SSI (-1.65%) released its non-consolidated financial statements for the third quarter. Total revenue was VND1,974.8 billion (+4.7% YoY) and net profit after tax was VND749.9 billion (+10.5% YoY). In particular, income from investment activities was solid at VND990 billion (+31.6% YoY).
• Net Sold by foreign investors amounted to VND270 billion. Net bought was concentrated in VHM (+5.64%), while net sold was mostly in STB (-0.84%).

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