Market Overview

In a surprising turn of events, the stock market closed 12% higher in 2024, despite a slight drop of 5.2 points in the last session. This follows a previous session's decline of 3.1 points, indicating a volatile yet upward trend in the market.

Trading Volume

Trading on the Ho Chi Minh Stock Exchange remained steady, with a total volume of around VND11.56 trillion (US$454 million). This stability in trading volume suggests a consistent investor interest despite the market's fluctuations.

Stock Performance

The VN-30 basket, which includes the 30 largest capped stocks, experienced a downturn with 18 tickers falling. Notable declines included HDB of HDBank dropping by 4.3% and CTG of VietinBank by 2.8%. On a brighter note, seven blue chips saw gains, with ACB of Asia Commercial Bank and BCM of Becamex Investment and Industrial Development leading the pack with a 1.6% increase.

Foreign Investment

Foreign investors were net sellers, offloading VND302 billion worth of stocks. Their focus was primarily on selling shares of state-owned lenders Vietcombank and BIDV, indicating a cautious approach towards the banking sector.

Index Movements

The HNX-Index for the Hanoi Stock Exchange, which lists mid and small caps, fell by 0.31%. In contrast, the UPCoM-Index for the Unlisted Public Companies Market saw a slight increase of 0.05%, showcasing a mixed performance across different market segments.