Vietcap Daily - VN-Index sees minor decline - FPT, GAS, MWG, BID
  • 2025-03-20T00:00:00
  • Market Commentary

* US Federal Reserve keeps rate cut unchanged for second consecutive meeting

* Banking Sector - MBB, VPB, HDB will be eligible to lift maximum foreign ownership limit (FOL) to 49% under new Government Decree 69/2025

* FPT's preliminary 2M 2025 results: 21% YoY earnings growth; technology segment trails expectations

* GAS: Conservative 2025 guidance on declining gas sales volume, slight downside risk

* MWG’s preliminary 2M 2025 results: TGDD & DMX’s sales slightly exceed expectations; BHX’s sales/store soften to VND1.95bn

* BID: Scale advantages to sustain strong growth - Update

* Market wrap: VN-Index sees minor decline

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Market wrap: VN-Index sees minor decline

The VN-Index saw a minor decline of 0.1% (-0.7 pts) on Thursday to close the trading day at 1,323.9. Across the index, there were 192 gainers, 285 decliners, and 70 unchanged stocks. Total trading volume plunged from the previous trading day to USD770.9mn.

* Several banks posted gains, including VCB (+0.5%), TCB (+0.7%), VPB (+0.8%), MBB (+1.7%), and STB (+1.3%). LPB (-1.1%) declined. 

* In real estate, VIC (-0.8%), BCM (-1.5%), KDH (-0.6%), and PDR (-1.7%) fell. SIP (+3.2%) jumped and NVL (+0.5%) and VPI (+0.9%) gained. 

* Electrical equipment manufacturer GEX (+4.6%), retailer MWG (+0.8%), utility company REE (+2.0%), and tech company FPT (+0.3%) were among the top stocks helping counteract negative pressure on the index. 

* Noteworthy laggards from other sectors included rubber producer GVR (-0.9%), milk producer VNM (-0.8%), airline VJC (-1.6%), and steelmaker HPG (-0.4%).

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