Bears dominated today’s session, with over 500 tickers closing lower against 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, TCB, MBB, ACB, LPB, and STB faced selling pressure, weighing down the industry.

On the downside, telecommunications and energy stocks bore the brunt of the selling. BSR led the decline in the energy sector, with oil and gas names such as PVS, PVD, and PVC all dropping more than 2%.

In the telecommunications space, VGI, FOX, and CTR fell in unison, with VGI plunging over 4% to become one of the day’s top losers.

Today’s trading value exceeded 18.5 trillion VND. Buying interest picked up on the HNX and UPCoM exchanges, while turnover on the HOSE remained on par with the previous session.

AM Session: Sellers Take Control, Banks Provide Support

The market sentiment remained hesitant around the 1,300 level. The VN-Index failed to sustain its gains and slipped into negative territory in the closing minutes of the morning session on October 15. At the midday break, the VN-Index stood at 1,286.33, down 0.01 points. The HNX-Index also struggled, closing at 229.69, a loss of over 1 point.

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 witnessed increased differentiation, with many names closing in the red or flat.

By the end of the morning session, bears firmly held the upper hand, with over 400 tickers declining against nearly 220 gainers. Selling pressure was concentrated in the real estate, energy, and materials sectors.

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

10:40 AM: Banks Hold the Fort

Buying and selling forces were more evenly matched in the market, and by 10:30 AM, the number of advancing and declining stocks was almost equal, with 278 gainers and 279 losers.

The VN-Index maintained its gains of nearly 4 points, thanks to the resilience of financial and banking stocks. 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 lent their support. The banking sector acted as a pillar of strength for the VN-Index during the morning session.

Real estate stocks reversed course and dipped into negative territory, with DIG plunging over 5%. Several other names in the sector, including PDR, DXG, and KDH, also faced selling pressure. However, the situation wasn’t entirely bleak, as VPI, HDG, SZC, SIP, and VPH managed to eke out modest gains.

Telecommunications and energy stocks were the day’s worst performers, with the former declining nearly 2% and the latter falling over 1%.

Healthcare stocks took the lead, driven by AMV‘s surge to its daily limit and BBT‘s impressive 13% jump.

HPG, a steelmaker, inched up nearly 1%. For Q3 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 characterized by a slightly stronger buying force.

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

Financial and real estate stocks moved in lockstep higher, although the magnitude of their gains was less convincing.

In the real estate sector, VHM‘s 0.3% slip weighed on market sentiment to some extent. Conversely, several real estate names, such as VPH, CIG, and OGC, soared to their daily limits right from the opening bell.

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 slightly lower.

Yến Chi

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