VN-Index recovers toward the close (VN-Index +0.13%)
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- The VN-Index opened nearly flat, and selling pressure quickly dominated, driven mainly by large-cap stocks, causing the index to fall into negative territory.
- During the morning session, banking, financial, and insurance sectors in particular declined. Gradually, selling spread to small- and mid-cap stocks, expanding the index’s decline further.
- In the afternoon session, bargain-hunting became dominant, with buying mainly concentrated in small- and mid-cap stocks. Specifically, gains in VIC (+0.97%), HPG (+2.68%), and TCB (+2.11%) contributed to the index’s recovery toward the close.
- Market breadth recorded 188 advancers, 115 decliners, and 65 unchanged stocks.
- Market turnover decreased by 0.77% from the previous session to VND 13.3 trillion. The VN-Index closed at 1,691.97 points (+0.13%).
VN30 inches up (VN30 +0.34%)
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- The VN30 basket recorded 14 gainers, 10 decliners, and 6 unchanged stocks.
- HPG (+2.68%), TCB (+2.11%), and MSN (+1.66%) were among the notable gainers.
- On the downside, VHM (-4.15%), HDB (-2.86%), and LPB (-1.56%) posted losses.
Sectors and stocks daily highlights
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- PCE (0.00%) achieved a sharp increase in revenue and profit, reporting Q3 net revenue of nearly VND 943 billion (up 55% YoY) and after-tax profit exceeding VND 4.1 billion (up 84% YoY), driven by a surge in fertilizer sales compared to the same period last year.
- VPS (-0.71%) reported Q3 operating revenue of VND 2.076 billion (down 23.3% YoY), pre-tax profit of VND 1.119 billion (down 19.8% YoY), and after-tax profit of VND 8.94 billion (down 20.7% YoY). Amid low market liquidity with the average trading value across the three exchanges dropping 58% YoY, the company recorded a decline in revenue and profit.
- Foreign investors recorded net selling of VND 231.9 billion. ACB (0.00%) and VHM (-4.15%) faced the strongest net selling pressure, while TCB (+2.11%) attracted notable net foreign buying interest.
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