September, 26 2024: VN-Index continued to rise (VN-Index +0.31%)

• VN-Index opened higher today, continuing yesterday’s strong movement.
• From 24-25 September, the SBV eased monetary policy by nearly VND 40 trillion to cut OMO interest rates. This was favorably received and led to widespread buying, particularly in banking stocks.
• In addition, expectations of a revitalized macro-economy also increased, as major US companies showed a willingness to invest in Vietnam on the occasion of the State President’s official visit to the US, and Indonesia officially applied to join the CPTPP.
• Media, Food & Beverage, and Banking sectors performed well.
• Market breadth included 209 winners, 177 losers, and 87 unchanged.
• Liquidity declined slightly by 4.4% to VND 21.8 trillion.

VN-30 led by banking stocks (VN-30 +0.50%)

• The basket recorded 18 increasing stocks, 9 decreasing stocks, and 3 stocks staying the same.
• Banking stocks such as TPB (+6.73%), HDB (+3.85%), SSB (+2.10%) and SHB (+1.90%) rose significantly.
• ACB (-0.76%), BCM (-0.69%) and MWG (-0.58%) fell.

Sectors and stocks daily highlights

• PC1 (-1.02%) planned to issue more than 46.6 million shares to pay dividends for 2023, which was approved by the board.
• Foreign investors net bought VND 957.7 billion, the largest oversubscription this year, with TPB (+6.73%), VNM (+1.58%), VHM (+0.57%) and HDB (+3.85%) heavily net bought. On the other hand, HPG (-0.57%) and VPB (+0.77%) were net sold.

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