Market Beat: A Tale of Diverging Fortunes, VN-Index Revisits 1,251 Points

Market liquidity decreased compared to the previous trading session, with the matching trading volume of VN-Index reaching more than 388 million shares, equivalent to a value of more than 9.5 trillion VND; HNX-Index reached more than 33.6 million shares, equivalent to a value of more than 610 billion VND.

VN-Index continued to fluctuate around the reference level at the beginning of the afternoon session but closed in the positive territory. In terms of impact, VCB, LPB, BVH, and HPG were the most positive influences on VN-Index, contributing over 2.3 points to the index. On the other hand, FPT, BID, GAS, and MSN had the most negative impacts, taking away 1.1 points from the index.

Similarly, HNX-Index also witnessed a positive performance, supported by the gains in DHT (+9.94%), PVI (+1.62%), HGM (+8.67%), and MBS (+1.07%)…

The telecommunications sector was the top-performing group, surging 2.25%, mainly driven by VGI (+2.87%), YEG (+1.36%), FOX (+0.36%), and ELC (+0.95%). This was followed by the healthcare and materials sectors, which rose 1.6% and 0.44%, respectively. On the other hand, the industrial sector witnessed the sharpest decline in the market, falling 0.87%, mainly due to losses in ACV (-2.61%), VJC (-0.1%), MVN (-1.36%), and VEF (-0.86%).

In terms of foreign investors’ activities, they net sold over 421 billion VND on the HOSE exchange, focusing on FPT (164.07 billion VND), VRE (67.66 billion VND), HPG (58.99 billion VND), and KDH (58.07 billion VND). On the HNX exchange, foreign investors net sold 410 million VND, mainly offloading PVS (9.32 billion VND), LAS (1.84 billion VND), BVS (1.83 billion VND), and DTD (980 million VND).

Morning Session: Returning to a Diverging Scenario

The market witnessed diverging performances and slower trading activities towards the end of the morning session. At the midday break, VN-Index trimmed its gains from over 7 points earlier to just 1.72 points, standing at 1,252.2 points; HNX-Index also eased to a 0.26% gain, reaching 225.24 points. The market breadth was relatively balanced, with 296 advancers, 277 decliners, and 1,012 stocks ending unchanged.

The matching trading volume of VN-Index remained low in the morning session, reaching over 200 million shares, equivalent to a value of more than 4.8 trillion VND. HNX-Index recorded a matching volume of nearly 17 million shares, with a value of over 294 billion VND.

In terms of impact, VCB and LPB were the main pillars supporting the indices in the morning session, with these two stocks alone contributing over 2 points to VN-Index. Meanwhile, there was no significant negative influence on the downside.

The sectors that attracted strong buying interest last week continued their upward momentum this morning, including healthcare, telecommunications, and insurance. However, money flows became more selective, focusing on standout stocks such as DHT and TTD, which hit the daily limit-up, DHG (+1.29%), IMP (+0.78%), DBD (+1.95%); VGI (+1.44%), FOX (+0.82%), YEG (+1.36%); BVH (+2.74%), PVI (+1.01%), MIG (+1.93%), and BLI (+3.09%).

It is worth noting that stocks related to public investment are making a comeback after a long period of inactivity, following the National Assembly’s passage of the amended Law on Public Investment last week. Many stocks in this sector recorded strong breakouts, such as HHV (+4.11%), PLC (+3.9%), VCG (+3.45%), C4G (+3.95%), KSB (+2.87%), FCN (+2.44%), etc. Most other sectors exhibited diverging performances, with stocks fluctuating slightly around the reference level.

Foreign investors net sold nearly 278 billion VND on the HOSE exchange in the morning session, with FPT being the most sold stock after a previous buying streak. On the HNX exchange, foreign investors net sold over 17 billion VND, focusing their sales on PVS.

10:40 am: Early Gains Trimmed, Net Foreign Selling Pressure

Selling pressure resurfaced, causing the early gains to be trimmed. At the moment, the main indices are fluctuating around the reference levels. As of 10:30 am, VN-Index rose slightly by 2.12 points, hovering around 1,252 points. HNX-Index gained 0.88 points, trading around 225 points.

Stocks in the VN30 basket are witnessing a balanced performance, with 14 gainers, 13 decliners, and 3 unchanged stocks. Specifically, HPG, VCB, FPT, and HDB contributed 0.7 points, 0.54 points, 0.5 points, and 0.21 points to the index, respectively. On the other hand, STB, MWG, TCB, and MSN had the most significant negative impacts, taking away more than 1.1 points from VN30-Index.

Source: VietstockFinance

The telecommunications sector led the market’s advance, rebounding by 1.65%. However, the sector’s breadth was somewhat diverging, with buying interest concentrated in large-cap stocks such as CTR (+0.25%), VGI (+1.99%), FOX (+1.13%), and ELC (+0.57%)…

On the other hand, a section of small-cap stocks remained stagnant, including VTK, ONE, ABC, and SED… Meanwhile, selling pressure persisted in some stocks, including MFS (-0.83%), TTN (-1.62%), ICT (-1.13%), and VNZ (-1.31%)…

Currently, the telecommunications sector has delivered the highest return since the beginning of the year, surging more than 300%. It is on track to resume its long-term uptrend after a sharp correction in July-August 2024.

Source: VietstockFinance

The healthcare sector also posted a solid gain, with a relatively diverging breadth as most stocks ended unchanged. Buying interest was focused on several large-cap stocks, including DHT (+9.83%), DHG (+1.78%), IMP (+0.33%), and DVM (+1.27%). Meanwhile, a few stocks traded in negative territory, including FIT (-0.24%), DVN (-0.39%), and AGP (-0.26%).

Compared to the opening, buyers and sellers were locked in a tight battle, with over 1,000 stocks ending unchanged and buyers slightly gaining the upper hand. There were 323 advancing stocks (including 13 stocks hitting the daily limit-up) and 223 declining stocks (including 5 stocks hitting the daily limit-down).

Source: VietstockFinance

As of 10:30 am, foreign investors net sold over 109 billion VND. The selling pressure was mainly seen in FPT (36.01 billion VND), HPG (21.59 billion VND), VRE (21.45 billion VND), and VCB (13.52 billion VND). On the buying side, PNJ, LPB, and CTG were the most net bought stocks, with a total net buying value of over 85 billion VND.

Source: VietstockFinance

Opening Session: Positive Start

At the opening of the trading day on December 2, 2024, as of 9:30 am, VN-Index started in positive territory, climbing to 1,256.48 points. Meanwhile, HNX-Index edged slightly higher, staying at 225.97 points.

The basket of VN30 stocks witnessed a balanced performance, with 3 decliners, 23 gainers, and 4 unchanged stocks. Specifically, VJC, VIB, and VHM were the top losers, while BVH, VCB, and HPG were the best performers.

The telecommunications services sector was one of the most prominent industries in the early morning session. Stocks in this sector traded firmly in the green territory, including VGI (+2.87%), CTR (+1.26%), MFS (+0.55%), ELC (+1.15%), and YEG (+0.45%),…

Along with this, the healthcare sector also contributed positively to the market’s performance this morning. Notably, stocks such as DHT (+9.39%), TNH (+0.49%), DVM (+1.27%), and IMP (+0.33%) advanced, while the remaining stocks ended unchanged.

Ly Hoa

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