Vietcap Daily - VN-Index rises 0.6% - TDM, VIC
  • 2025-03-07T00:00:00
  • Market Commentary

* Energy sector: Decree on minimum long-term contracted volume for gas/LNG-fired power plants - positive for Block B’s progress, slight upside for GAS
* TDM: 2M preliminary NPAT surges 6x YoY, broadly in line with forecast
* Vinpearl submits listing application to HOSE
* Fixed Income February 2025: G-bond issuance reaches four-month high
* Market wrap: VN-Index rises 0.6%


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Market wrap: VN-Index rises 0.6%

The VN-Index rose 0.6% (+7.8 pts) on Friday, closing the trading week at 1,326.1. Retail sentiment remained strong despite foreign investors returning to net selling after brief net buying yesterday. The rally gained momentum as Vingroup-related stocks surged, driven by excitement over Vinpearl’s upcoming listing on HOSE. Across the index, there were 271 gainers, 185 decliners, and 89 unchanged stocks. Total trading volume increased from the previous trading day to USD814.9mn.

* Vingroup-related stocks VIC (+6.9%), VHM (+3.1%), and VRE (+1.9%) posted strong gains. Fellow real estate stocks NVL (+1.5%) and PDR (+1.5%) also surged.

* In banking, VCB (+1.7%), BID (+0.9%), CTG (+1.8%), MBB (+1.7%), and HDB (+1.5%) climbed significantly.

* Other notable gainers included steelmaker HPG (+0.4%), oil & gas company BSR (+0.5%), airline VJC (+0.5%), and financial services company VCI (+1.2%).

* Notable laggards from other sectors included rubber producer GVR (-1.5%), utility company GAS (-0.7%), oil & gas company PLX (-1.8%), and insurance provider BVH (-1.7%).

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