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 contributed nearly 4.5 points in total.

Banking and securities stocks continued to closely follow the index’s movement, with most stocks ending the day higher. 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 at 1.25%, VHM at 1.5%, SZC at 2.18%, HDC at 1.95%, and DXG at 0.89%.

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

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

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

Foreign investors also significantly narrowed their trading scale, with net buying of over VND 420 billion and net selling of over VND 362 billion, resulting in a temporary net buy of over VND 58 billion.

Opening: 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, falling by 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 the number of advancing stocks stood at 292, including 15 stocks touching the ceiling price.

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

On the upside, not many prominent names were visible, but notable gainers included 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 was leading the market with a gain of 0.83 points, followed by VIC with 0.5 points and VCB with 0.4 points. On the flip side, HPG was the stock that took away the most points, but the impact was negligible, at just over 0.2 points.

Opening: Following Global Markets, VN-Index Edges Higher at the Start of the Session

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

Most stocks were 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 green color dominated the market.

The market’s liquidity at the opening was not particularly impressive, with nearly 34.6 million shares traded, equivalent 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 the momentum from VEF, up 6.19%. The insurance sector also recorded a strong gain of 1.22% thanks to the upward movement of BVH, BIC, PVI, VNR, MIG, and BMI, which all advanced between 1% and 2%. The media and entertainment sector also contributed positively, driven mainly by YEG.

Asian markets were up 0.33% on average during the opening period, but the picture was mixed, with the Nikkei 225 and Singapore Straits Times indices rising 0.69% and 0.84%, respectively, while the Hang Seng and Shanghai Composite indices fell 1.32% and 0.15%, respectively.

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

At the close of the trading session on December 4, the S&P 500 index climbed 0.61% to 6,086.49 points, while the Nasdaq Composite index jumped 1.3% to 19,735.12 points. The Dow Jones index advanced 308.51 points (equivalent to 0.69%) to 45,014.04 points. All three major indices closed at record highs, with the Dow Jones index crossing the 45,000-point threshold for the first time.

Huy Khải