VN-Index’s correction continued (VN-Index -1.91%)
- VN-Index started high above the reference mark as the chairman of Fed signaled upcoming rate cuts.
- Nevertheless, correction pressures from the previous session soon returned, led by Banking stocks.
- The pressures spread across the market and gradually dragged the index deep down into the red.
- Market breadth included 100 winners, 233 losers and 42 unchanged.
- Market liquidity shrunk by 32.3% to VND 42.2 trillion.
VN30 covered in red (VN30 -1.70%)
- VN30 basket recorded 5 increasing stocks, 23 decreasing stocks and 5 staying the same.
- Most significant declines were from banking stocks such as VIB (-6.99%), TPB (-6.94%), VPB (-6.82%), SSB (-6.11%).
- The strong gains from VIC (+5.56%), SSI (+2.52%), VJC (+1.79%) could not support the index.
Sectors and stocks daily highlights
- GIL (+6.84%) hit ceiling price as investors looked forward to the lawsuit against Amazon, which could net GIL a compensation upto USD 280 million.
- HPG (-0.19%) started off strong as the company’s HRC was excluded from India’s anti-dumping tariffs, but faded to the red at the end.
- Foreign investors net sold significantly by VND 1,728 billion today. HPG (-0.19%) and VPB (-6.82%) were the most net sold stocks. On the other hand, net buying focused on MBB (-2.60%).
—————————————————————————————————–
【Disclaimer】
This material has been prepared by Japan Securities Co., Ltd. (JSI) for the purpose of providing investors with relevant information. JSI makes no representation or warranty regarding the completeness and accuracy of such information. This material is provided, for information purposes only and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction.
We are not responsible for any errors or omissions or for the results obtained from the use of such information.
This note is confidential and is being supplied only to you solely for your information and may not be reproduced, redistributed, or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose.
In the United States, this report is intended for distribution solely to major Institutional Investors as defined in Rule 15a-6 under the Securities Exchange Act of 1934.
Japan Securities Co., Ltd. is a financial instruments dealer registered with SSC (State Securities Commission of Viet Nam): Registration Number 129/GP-UBCK, and a member of VNX (Vietnam Stock Exchange), HNX (Hanoi Stock Exchange), HOSE (Ho Chi Minh Stock Exchange) & VSDC (Vietnam Securities Depository and Clearing Corporation), and is registered address is Suite 701, Tower 1, Capital Place, 29 Lieu Giai, Ngoc Ha, Hanoi, Vietnam.