Vietcap Daily - VN-Index drops 1.2% on Friday, banks have strong impact - GEX
  • 2025-01-03T00:00:00
  • Market Commentary

* IP sector: Government issues Decree 182/2024/NĐ-CP to regulate establishment of Investment Support Fund to enhance Vietnam's FDI appeal
* GEX/VGC: 2024 preliminary PBT beats forecast; strong 2025 profit guidance
* Market wrap: VN-Index drops 1.2% on Friday, banks have strong impact


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Market wrap: VN-Index drops 1.2% on Friday, banks have strong impact

The VN-Index dropped 1.2% (-15.1 pts) on Friday to close the trading week at 1,254.6. Seven of the top ten stocks negatively impacting the index were banks. Throughout the index, there were 69 gainers, 353 laggards, and 46 stocks that were unchanged. Total trading volume sharply increased compared to the previous trading day to USD538.5mn.

* The seven banks previously mentioned were TCB (-3.1%), CTG (-2.4%), VPB (-2.1%), MBB (-1.9%), LPB (-2.7%), HDB (-2.6%), and ACB (-1.9%). VCB (+0.1%) was the sole large-cap gainer from the sector.  

* In real estate, NVL (+1.4%) surged, VHM was unchanged, and VIC (-0.1%), BCM (-0.4%), VRE (-0.6%), and KDH (-1.0%) declined.  

* Laggards from other sectors that strongly affected the index included tech company FPT (-1.9%), retailer MWG (-3.3%), steelmaker HPG (-1.5%), food & beverage conglomerate MSN (-1.6%), beer producer SAB (-1.1%), and airline HVN (-2.7%).  

* Telecom towerco CTR (+3.2%), oil & gas company PLX (+0.8%), retailer FRT (+0.4%), and chemical company DPM (+0.4%) were some of the standout gainers.

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