Market Beat: VN-Index Overcomes Challenges, Surging Over 6 Points

Large-cap stocks made significant contributions to the index’s gains, with BID
nearing a 1-point increase, CTG up by over 0.7 points, VHM rising by more than 0.6
points, and FPT climbing by over 0.5 points. In total, the top 10 stocks with the
most positive impact on the VN-Index added nearly 4.5 points.

Banking and securities stocks continued to closely follow the index’s movements, with
most codes ending in the green. Notable gainers included CTG, up by 1.56%,
HCM rising by 1.85%, STB increasing by 1.39%, and SSI up by 0.42%. A
few rare decliners were VND, down by 2.64%, and EIB, falling by 1.09%.

Real estate stocks demonstrated stronger consensus, with HDG leading the gains
at 4.68%, followed by VIC rising by 1.25%, VHM up by 1.5%, SZC
climbing by 2.18%, HDC increasing by 1.95%, and DXG rising by 0.89%.

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

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

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

Foreign investors also significantly narrowed their trading scale, with purchases
totaling over VND 420 billion and sales of over VND 362 billion, resulting in a
temporary net buy value of more than 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
a.m., the VN-Index and HNX-Index managed to stay in the
green, 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.

A glance at the market map revealed that many large-cap stocks were in the red,
ranging from slight decreases such as VCI down by 0.15%, SSI falling
by 0.21%, CTG down by 0.14%, and VPB declining by 0.53%… to more
substantial losses like HSG down by 2.19%, NKG falling by 2.67%, VTP
declining by 2.72%, and VND down by 3.02%.

On the upside, not many prominent names were visible, but a few worth mentioning
included FPT, up by 0.77%, MWG rising by 1.38%, PNJ
climbing by 0.96%, and HDG increasing by 3.64%.

In terms of contribution to the VN-Index, BID took the lead
with a 0.83-point increase, followed by VIC at 0.5 points and VCB at
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: Echoing Global Markets, VN-Index Edges Higher at the Start of the
Session

During the first 30 minutes of December 5th, the indices posted slight gains,
with the VN-Index rising by 2.84 points (equivalent to a 0.23%
increase) to 1,243.25, while the HNX-Index and UPCoM-Index also
trended higher, reaching 225.14 and 92.51, respectively.

The majority of stocks remained unchanged during the initial 30 minutes, while 251
stocks advanced (including 10 stocks hitting the ceiling price, notably L14
and YEG) and 139 stocks declined (including 4 stocks touching the floor
price). Overall, the green hue dominated the market.

The market’s liquidity at the opening was unremarkable, with approximately 34.6
million shares traded, corresponding to a value of over VND 777 billion.

In terms of sector performance, only three sectors declined and three remained
unchanged, while 17 sectors posted gains. The specialized services and trade sectors
led the advance with a 5% increase, driven by VEF‘s 6.19% surge. 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, up by 1-2%. The
media and entertainment sector also contributed significantly to the market’s
performance, led by YEG.

Asian markets were up 0.33% at the opening, but the picture was mixed. Notably, the
Nikkei 225 rose 0.69% to 39,503.5 points, and the Singapore Straits Times climbed
0.84% to 3,831.98 points, while the Hang Seng dropped 1.32% to 19,482 points and the
Shanghai Composite fell 0.15% to 3,359.5 points.

Overnight, Wall Street witnessed a buoyant session, with technology stocks leading
the rally following robust reports from Salesforce and Marvell Technology.

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

Huy Khải