Vietcap Daily - VN-Index rebounds, gains 0.9% - BVH, VHC, HAX
  • 2025-02-04T00:00:00
  • Market Commentary

* BVH: Reduction in underwriting loss boosts earnings - Earnings Flash 

* VHC: Strong 34% YoY earnings growth beats expectation - Earnings Flash 

* HAX: Auto demand recovery, MG dealership business to lead growth - Visit Note

* Market wrap: VN-Index rebounds, gains 0.9%

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Market wrap: VN-Index rebounds, gains 0.9%

The VN-Index rebounded on Tuesday gaining 0.9% (+11.7 pts) to close the trading day at 1,264.7. Sentiment improved after the US announced a pause on tariffs on Canada and Mexico. Throughout the index, there were 361 gainers, 106 laggards, and 50 stocks unchanged. Total trading volume surged compared to the previous trading day to USD607.4mn. 

* Banks led the market as CTG (+3.6%), TCB (+1.7%), VPB (+1.4%), MBB (+1.8%), and STB (+2.1%) sharply increased.  

* Key basic materials stocks performed well for consecutive days, including HPB (+1.7%), HSG (+1.7%), GVR (+0.9%), and DCM (+1.9%). 

* Financial services stocks SSI (+2.0%), VCI (+0.3%), HCM (+2.1%), and VND (+6.9%) gained as did the rest of the blue chips in the sector.  

* Other noteworthy gainers across the index included real estate company NVL (+5.5%), food & beverage conglomerate MSN (+0.9%), utility company POW (+1.7%), fish exporter VHC (+2.6%), oil & gas company PLX (+1.8%), and insurance company BVH (+1.4%).

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