Market Beat: VN-Index Surges Past Challenges, Up 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 collectively contributed almost 4.5 points.

Banking and securities stocks continued to closely follow the index’s movement, with most stocks in these sectors 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 sector with a 4.68% gain, 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 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 reached the daily limit-up, significantly outpacing the 249 declining stocks, of which 11 hit the daily limit-down.

Market 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 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 buying value of over VND 58 billion.

Opening: Increased Pressure, Many Large-caps Turn Red

After a positive start, the market began to face stronger headwinds. 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 daily limit-down, while the number of advancing stocks stood at 292, including 15 limit-up stocks.

A glance at the market map revealed that many large-cap stocks were in the red, ranging from slight losses such as VCI down 0.15%, SSI down 0.21%, CTG down 0.14%, and VPB down 0.53%… to more substantial declines 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 took the lead with a 0.83-point gain, followed by VIC with 0.5 points and VCB with 0.4 points. On the flip side, HPG was the stock that deducted the most points from the index, 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 5th, the indices posted modest gains, with the VN-Index climbing 2.84 points (equivalent to a 0.23% increase) to reach 1,243.25, while the HNX-Index and UPCoM-Index followed suit, advancing to 225.14 and 92.51, respectively.

The majority of stocks remained unchanged during the first 30 minutes, while 251 stocks recorded gains (including 10 limit-up stocks, notably L14 and YEG) and 139 stocks declined (including 4 limit-down stocks). Overall, the market was painted with a dominant green hue.

Market liquidity at the opening bell was unremarkable, with approximately 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 commerce, which rose 5% on the back of a strong showing from VEF, surging 6.19%. The insurance sector also witnessed a robust 1.22% gain, propelled by BVH, BIC, PVI, VNR, MIG, and BMI, which all traded in the green, climbing between 1-2%. Additionally, the media and entertainment sector benefited from a strong performance by YEG.

Asian markets, on average, were up 0.33% at the opening bell, but the picture was mixed, with the Nikkei 225 and Singapore Straits Times standing out with gains of 0.69% and 0.84%, respectively, while the Hang Seng and Shanghai Composite declined by 1.32% and 0.15%, respectively.

Wall Street closed the previous day’s session on a buoyant note, with technology stocks leading the charge higher after robust reports from Salesforce and Marvell Technology.

At the closing bell on December 4th, the S&P 500 advanced 0.61% to 6,086.49, the Nasdaq Composite rallied 1.3% to 19,735.12, and the Dow Jones added 308.51 points (equivalent to a 0.69% gain) to close at 45,014.04. All three major indices settled at record highs, with the Dow Jones surpassing the 45,000-point milestone for the first time.

Huy Khải

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