Market Beat: VN-Index Overcomes Challenges to Surge 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 in positive territory. Notable gainers included CTG, up 1.56%, HCM, up 1.85%, STB, up 1.39%, and SSI, up 0.42%. Rare losers 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 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, which rose 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 impressive, with over 300 million shares traded, equivalent to a value of nearly VND 6,518 billion, almost 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, after purchasing over VND 420 billion and selling over VND 362 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 to reach 1,242.82 and 224.82, respectively. Meanwhile, the UPCoM-Index turned red, falling 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 hitting the ceiling price.

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

On the upside, not many prominent names were observed, with a few exceptions, including FPT (+0.77%), MWG (+1.38%), PNJ (+0.96%), and HDG (+3.64%)…

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

Opening: Following Global Markets, VN-Index Edges Higher

In the first 30 minutes of December 5, the indices edged higher, with the VN-Index gaining 2.84 points (equivalent to a 0.23% increase) to reach 1,243.25. The HNX-Index and UPCoM-Index also followed suit, advancing to 225.14 and 92.51, respectively.

Most stocks remained unchanged during the first 30 minutes, while 251 stocks rose (including 10 stocks hitting the ceiling price, notably L14 and YEG) and 139 stocks fell (including 4 stocks hitting the floor price). Overall, the green color dominated the market.

The market’s liquidity was not particularly strong at the opening, 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. The specialized services and trading sectors led the advance with a 5% increase, driven by VEF‘s 6.19% jump. The insurance sector also rose sharply by 1.22% thanks to gains in BVH, BIC, PVI, VNR, MIG, and BMI, which all traded in the green with increases ranging from 1% to 2%. The media and entertainment sector also contributed to the market’s gains, led by YEG.

Asian markets were up 0.33% on average during the opening session, 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 4, the S&P 500 index climbed 0.61% to 6,086.49, while the Nasdaq Composite added 1.3% to 19,735.12. The Dow Jones index gained 308.51 points, or 0.69%, to close at a record high of 45,014.04, surpassing the 45,000 threshold for the first time.

Huy Khải