Bears dominated today’s session, with over 500 tickers closing lower compared to nearly 240 gainers. Most sectors ended in negative territory, except for consumer services, hardware, and banking, which managed to stay afloat.

BID, CTG, VPB, HDB, VIB, MSB, and OCB managed to stay in the green, providing some support to the banking sector. However, the sector still faced significant pressure, with TCB, MBB, ACB, LPB, and STB facing selling sentiment.

On the downside, telecom and energy stocks witnessed the steepest declines. Within the energy sector, BSR led the losses, while other oil and gas names such as PVS, PVD, and PVC fell by more than 2%.

In the telecom space, VGI, FOX, and CTR all traded lower, with VGI tumbling over 4%.

Today’s trading value exceeded 18.5 trillion VND. Buying interest increased on the HNX and UPCoM exchanges, while turnover on the HOSE remained unchanged from the previous session.

AM Session: Sellers Prevail, Banks Support the Index

Market sentiment remained hesitant around the 1,300 level. The VN-Index‘s trend was unclear as it dipped into negative territory during the final minutes of the morning session on October 15. At the midday break, the VN-Index edged slightly lower by 0.01 points to close at 1,286.33, while the HNX-Index also struggled, ending the morning down over 1 point at 229.69.

Banking stocks continued to provide crucial support to the market. BID, CTG, VPB, VIB, VCB, and OCB contributed a combined 2.3 points to the VN-Index‘s performance. However, financial stocks experienced broader weakness, with many names closing lower or unchanged.

By the end of the morning session, decliners outnumbered advancers by a wide margin, with over 400 tickers in the red compared to nearly 220 gainers. Selling pressure was concentrated in the real estate, energy, and materials sectors.

On a positive note, market liquidity picked up, with trading value surpassing 9 trillion VND across the three exchanges during the morning session.

10:40 AM: Banks Hold the Fort

Buying and selling forces were more balanced in the market, and as of 10:30 AM, the number of gainers and losers was relatively even, with 278 tickers in the green and 279 in the red.

The VN-Index maintained its gains of nearly 4 points, thanks to the resilience of the financial and banking sectors. CTG, BID, EIB, TPB, and VIB posted solid gains. Notably, BID contributed 1.7 points to the index’s advance, while CTG, VCB, VIB, ACB, and TCB also played a supportive role.

Real estate stocks reversed course and slipped into negative territory. DIG led the declines with a drop of over 5%, while other names in the sector, such as PDR, DXG, and KDH, also traded lower. However, the situation wasn’t entirely bleak, as VPI, HDG, SZC, SIP, and VPH managed to eke out modest gains.

The energy and telecom sectors were the worst performers, with the former falling nearly 2% and the latter declining over 1%.

Healthcare stocks took the lead, driven by AMV, which hit its daily limit, and BBT, which climbed over 13%.

HPG inched up slightly by nearly 1%. For the third quarter of 2024, the Hoa Phat Group (HOSE: HPG) reported a 51% year-over-year increase in after-tax profit, reaching 3,022 billion VND.

Market Open: Buyers Take the Upper Hand

Vietnam’s stock market kicked off the session on October 15 with a mild positive bias. By 9:20 AM, the VN-Index had climbed nearly 3 points. The early trading dynamics were familiar, with sellers slightly ahead.

Essential consumer goods stocks set a positive tone from the get-go, with companies in the livestock industry, such as DBC (+1.3%) and BAF (+2.2%), leading the charge. Other names in the sector, including VNM, MSN, CTP, and KDC, also edged higher.

Financial and real estate stocks moved higher in unison, although the gains lacked conviction.
In the real estate sector, VHM slipped 0.3%, weighing on the market slightly. However, several real estate tickers, including VPH, CIG, and OGC, soared to their daily limits.

On the flip side, energy and information technology stocks leaned towards the red. BSR and PVC in the energy sector, along with FPT in the IT space, traded lower.

Yến Chi

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