October 31, 2024:  VN-Index was led by Banking stocks (VN-Index +0.46%)

• During a season for business results announcements, the VN-Index started the day a bit higher despite a stagnant trading volume.
• The market fluctuated around the reference mark but it went somewhat in a negative direction.
• In the afternoon session, a buying trend came into the Index because of some blue-chip stocks that had informed their business results.
• It continued to increase both in value and volume and ended up amid the gaining momentum.
• The Bank sector was the main driver today. The Food & Beverage sector was sluggish on the contrary.
• Market breadth included 199 winners, 169 losers, and 67 unchanged.
• Liquidity surged by 42.0% to VND 18.0 trillion.

VN-30 increased in the afternoon (VN-30 +0.36%)

• The basket recorded 18 increasing stocks, 10 decreasing stocks, and 2 staying the same.
• MSN (-1.92%), and VRE (-1.92%) recorded the most notable declines.
• The Index was driven by the two state-owned banks, CTG (+2.73%), and VCB (+2.07%).

Sectors and stocks daily highlights

• VJC (+1.06%) announced its 3Q2024 results. Revenue was VND 52.2 trillion (+19% YoY) and profit before tax was VND 1,706 billion (+ 789% YoY). The company has a strategy to maintain stable operations in Vietnam and expand its international flight networks.
• VCB (+2.07%) reported 3Q2024 results. Its financial report with a pre-tax profit of VND10,699 billion (+18% YoY) and accomplished 75% of its annual profit plan. The company’s assets became VND1.93 trillion, up 5% compared to the beginning of the year.
• Foreign investors significantly net sold VND 1,667 billion. MSN (-1.92%) was the most net-sold stock with VND 1,334 billion, while VPB (+0.99%) was relatively net-bought.

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