The double top pattern is being formed

MARKET OUTLOOK
The VN-Index fluctuated around the 1,270 level throughout the day before selling pressure pushed the index down to 1,263. Afterward, buying support at this level helped the index recover and close at 1,266.78 points, down more than 5 points compared to yesterday. The market breadth leaned toward the negative side, with 13 out of 18 sectors declining, led by the Communications sector, followed by Insurance, Oil & Gas, and others. On the other hand, the Information Technology sector had a positive trading session today. As for foreign trading, foreign investors net sold on both the HSX and HNX exchanges today. In the upcoming sessions, if the VN-Index continues to drop below the 1,250 – 1,255 range, it will complete the double top pattern and could potentially continue to decline towards 1,240.

FUTURES CONTRACTS
Futures contracts decreased according to the movement of VN30, except for VN30F2501, VN30F2502, VN30F2503.

COVERED WARRANTS
During the trading session on 31/12/2024, warrants fluctuated according to the correction of the underlying stocks.

HIGHLIGHT
• VN-Index -5.24 points, closing at 1266.78 points. HNX-Index -0.71 points, closing at 227.43 points.
• Pulling the index up: FPT (+0.73), ACB (+0.45), TCB (+0.44), MBB (+0.40), BCM (+0.29).
• Pulling the index down: CTG (-1.41), VCB (-1.09), BID (-0.96), HDB (-0.95), STB (-0.43).
• The matched trade value of VN-Index reached VND 9,529 billion, decreased -4.61% compared to the previous session. The total transaction value reached VND 11,519 billion.
• The trading range is 5.68 points. The market had 155 gainers, 79 remaining unchanged, 254 losers.
• Foreign investors' net selling value: VND -301.56 billion on HOSE, including VCB (VND -131.49 billion), BID (VND -72.48 billion), STB (VND -69.57 billion), HDB (VND -47.08 billion), VHM (VND -45.42 billion). Foreign investors were net sellers on HNX with the value of VND -4.57 billion.

BSC30, BSC50 PERFORMANCE
• BSC30 -0.33%. Positive stocks: POW (+1.25%), STB (+1.20%), KDH (+0.98%).
• BSC50 -0.29%. Positive stocks: HDB (+6.81%), VTP (+2.64%), PDR (+1.94%).