Market Beat Dec 05: Overcoming Multiple Pressures, VN-Index Surges Over 6 Points

Major contributors to the index’s gain included BID with nearly 1 point, CTG with over 0.7 points, VHM with more than 0.6 points, and FPT with over 0.5 points. The top 10 stocks with the most positive impact on the VN-Index brought in nearly 4.5 points.

Banking and securities stocks continued to closely follow the index’s movement, with most stocks ending in positive territory. Notable gainers included CTG up 1.56%, HCM up 1.85%, STB up 1.39%, and SSI up 0.42%. Rare decliners included VND, down 2.64%, and EIB, down 1.09%.

Real estate stocks showed more consensus, with HDG leading the gains at 4.68%, followed by VIC up 1.25%, VHM up 1.5%, SZC up 2.18%, HDC up 1.95%, and DXG up 0.89%…

Additionally, the non-essential consumer goods sector also witnessed positive momentum, with PNJ up 2.44%, MWG up 1.55%, FRT up 0.84%, and TCM up 0.84%… The information technology sector also saw gains, led by FPT up 0.98%.

Overall, the market recorded 367 stocks with price increases, including 13 stocks that hit the ceiling price, significantly outpacing the 249 declining stocks, of which 11 hit the floor price.

The market’s liquidity was not particularly remarkable, with over 300 million shares traded, equivalent to a value of nearly VND 6,518 billion, remaining relatively unchanged compared to the same period in previous sessions.

Foreign investors also significantly narrowed their trading scale, with net buying of just over VND 58 billion, having bought over VND 420 billion and sold over VND 362 billion.

Open: Mounting Pressure, Many Large-caps Turn Red

After a positive start, the market began to face increased pressure. As of 10:30 am, the VN-Index and HNX-Index managed to stay in positive territory, recording gains of 2.41 points and 0.2 points, respectively, reaching 1,242.82 and 224.82. Meanwhile, the UPCoM-Index turned red, losing 0.08 points to 92.36.

The mounting pressure was evident as the number of declining stocks accelerated to 262, including 10 stocks hitting the floor price, while 292 stocks managed to stay in positive territory, including 15 stocks that hit the ceiling price.

Looking at the market map, it was evident that many large-cap stocks were in the red, ranging from minor losses such as VCI down 0.15%, SSI down 0.21%, CTG down 0.14%, and VPB down 0.53%… to more significant declines like HSG down 2.19%, NKG down 2.67%, VTP down 2.72%, and VND down 3.02%…

On the upside, there weren’t many notable large-caps, but a few worth mentioning include FPT up 0.77%, MWG up 1.38%, PNJ up 0.96%, and HDG up 3.64%…

In terms of contribution to the VN-Index, BID took the lead with a gain of 0.83 points, followed by VIC with 0.5 points and VCB with 0.4 points. On the other hand, HPG was the stock that took away the most points, but the impact was negligible, at just over 0.2 points.

Open: Following Global Markets, VN-Index Edges Higher at the Open

In the first 30 minutes of December 5th, the indices posted modest gains, with the VN-Index rising 2.84 points (or 0.23%) to 1,243.25, while the HNX-Index and UPCoM-Index also edged higher to reach 225.14 and 92.51, respectively.

Most stocks remained unchanged during the first 30 minutes, while 251 stocks advanced (including 10 stocks hitting the ceiling price, notably L14 and YEG) and 139 stocks declined (including 4 stocks hitting the floor price). Overall, the market was painted with more green than red.

The market’s liquidity at the opening was unremarkable, with nearly 34.6 million shares traded, corresponding to a value of over VND 777 billion.

In terms of sector performance, only 3 sectors declined and 3 sectors were unchanged, while 17 sectors posted gains, led by specialized services and trading, which rose 5% thanks to a strong showing from VEF, which climbed 6.19%. The insurance sector also performed well, increasing by 1.22% due to gains in BVH, BIC, PVI, VNR, MIG, and BMI, which all traded between 1-2% higher. The media and entertainment sector also contributed significantly to the market’s advance, driven primarily by YEG.

Asian markets, on average, were up 0.33% at the open, but the picture was mixed. Notably, the Nikkei 225 rose 0.69% to 39,503.5, and the Singapore Straits Times climbed 0.84% to 3,831.98. In contrast, the Hang Seng dropped 1.32% to 19,482, and the Shanghai Composite dipped 0.15% to 3,359.5.

Wall Street closed on a positive note overnight, with technology stocks leading the rally following strong reports from Salesforce and Marvell Technology.

At the close of the trading session on December 4th, the S&P 500 index climbed 0.61% to 6,086.49, while the Nasdaq Composite advanced 1.3% to 19,735.12. The Dow Jones index gained 308.51 points (or 0.69%) to 45,014.04, with all three major indices closing at record highs, and the Dow Jones surpassing the 45,000 mark for the first time.

Huy Khải