The breadth of stocks in the VN30 basket mostly saw positive gains, with notable performances from VHM, FPT, SSB, and MWG, contributing 0.99 points, 0.69 points, 0.38 points, and 0.35 points to the VN30 index, respectively. On the other hand, HDB, ACB, HPG, and SHB faced selling pressure, but their impact on the index was not significant.
Source: VietstockFinance
|
Telecom stocks witnessed a positive start to the session, with VGI up 5.37%, CTR gaining 4.74%, FOC rising 1.69%, and ELC increasing by 1.47%. Furthermore, this sector has outperformed the VN-Index year-to-date. Despite a significant decline since July 2024, it remains the top-performing sector in the market.
Source: VietstockFinance
|
Following closely, the healthcare sector also contributed to the market’s upward momentum, despite some mixed performances. Specifically, the recovery was led by IMP, which rose by 6.93%, DCL up by 1.12%, DBD gaining 0.95%, and DVN increasing by 1.95%. Meanwhile, NDC, PMC, TRA, and DMC remained unchanged, while some stocks faced selling pressure, including DP3, down 0.78%, DTG, falling 2.02%, and TNH, decreasing by 0.23%…
As of the opening, the buying side maintained a slight advantage. There were 362 gainers and 173 decliners.
Source: VietstockFinance
|
Open: Caution Prevails from the Start
As of 9:30 am on September 18, the VN-Index fluctuated around the reference level, reaching 1,258.09 points. Meanwhile, the HNX-Index slightly increased to 232.56 points.
The government has recently issued Resolution No. 143/NQ-CP dated September 17, 2024, outlining key tasks and solutions to urgently address the aftermath of Storm No. 3 (Yagi), stabilize the situation for the people, boost production and business recovery, actively promote economic growth, and control inflation.
The resolution estimates the total damage caused by Storm No. 3 to be over VND 50,000 billion. It is predicted to reduce the GDP growth rate for the whole year by about 0.15% compared to the growth scenario of 6.8-7%. The economic growth rate of many localities, such as Hai Phong, Quang Ninh, Thai Nguyen, and Lao Cai, may also decrease by over 0.5%.
As of 9:30 am, large-cap stocks like GVR, VHM, and GAS led the index with an increase of nearly 1 point. On the contrary, stocks like VCB, ACB, and VPB dragged the market down, resulting in a total reduction of more than 0.5 points.
Sure, I can assist you with that.
## Stocks May See Short-Term Correction After Fed Rate Cut
“Holding cash is a strategic move for investors, according to VPBank’s expert, who advises waiting for a better buying opportunity. This tactical approach allows investors to bide their time and enter the market when conditions are more favorable, potentially maximizing their returns.”
