Market Beat 05/12: Overcoming Multiple Pressures, VN-Index Surges Over 6 Points

Large-cap stocks made significant contributions to the index’s gains, with BID up nearly 1 point, CTG up over 0.7 points, VHM up more than 0.6 points, and FPT up 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 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 gains at 4.68%, 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 notable gainers including 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, up 0.98%.

Overall, the market recorded 367 stocks with price increases, including 13 stocks that hit the daily limit-up, significantly outnumbering the 249 declining stocks, of which 11 hit the daily limit-down.

Market liquidity was relatively subdued, with over 300 million shares traded, equivalent to a value of nearly VND 6,518 billion, remaining unchanged compared to the same period in previous sessions.

Foreign investors also significantly reduced their trading activity, with net buying of just over VND 58 billion, as they bought more than VND 420 billion and sold 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, 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 292 stocks posted gains, including 15 limit-up stocks.

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

On the upside, there were not many prominent gainers, but notable mentions include 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 gain of 0.83 points, followed by VIC with 0.5 points and VCB with 0.4 points. On the flip side, HPG was the stock that took away 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

In the first 30 minutes of December 5th, the indices posted modest gains, with the VN-Index rising 2.84 points (or 0.23%) to 1,243.25, while the HNX-Index and UPCoM-Index also edged higher to reach 225.14 and 92.51, respectively.

Most 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 tilted towards the green.

Market liquidity was relatively subdued, with nearly 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. The specialized services and trading sectors led the advance with a 5% increase, driven by VEF‘s 6.19% surge. The insurance sector also performed well, rising 1.22% thanks to gains in BVH, BIC, PVI, VNR, MIG, and BMI, which all traded between 1-2% higher. The media and entertainment sector also contributed to the market’s gains, led by YEG.

Asian markets were up 0.33% at the open, 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 slipped 0.15% to 3,359.5.

Overnight, Wall Street closed on a positive note, with technology stocks leading the rally following strong reports from Salesforce and Marvell Technology.

At the close of the trading session on December 4th, the S&P 500 index climbed 0.61% to 6,086.49, while the Nasdaq Composite advanced 1.3% to 19,735.12. The Dow Jones index gained 308.51 points (or 0.69%) to 45,014.04, with all three major indices closing at record highs, and the Dow Jones surpassing the 45,000 mark for the first time.

Huy Khải