Vietcap Daily - VN-Index surges 4.6%

* Banks to deliver VND500tn credit package for infrastructure, digital investment
* Power Sector: MoIT releases solar prices for 2025, supporting REE’s capacity expansion outlook
* PVB: Reported NPAT-MI guided to jump 2.7x YoY, positive for Block B progress - AGM Note
* SZC: Flat 2025G NPAT guidance; IP land sales face headwinds, though FDI appeal expected to remain intact - AGM Note
* Macro Update: Q1 GDP reaches highest level since 2019
* GEX: GEE’s stronger profit to outweigh VGC’s lower IP land sales - Update
* PLC: Premier play on Vietnam’s infrastructure renaissance - Initiation
* Market wrap: VN-Index surges 4.6%

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Market wrap: VN-Index surges 4.6%

The VN-Index surged 4.6% (+54.1 pts) on Friday to close the trading week at 1,222.5. Combined with yesterday’s session, the index has more than recovered the nearly 10% combined loss from Tuesday and Wednesday. Strong gains were seen in all sectors, and 29 of the large-cap VN30 group stocks rose. Across the index, there were 332 gainers, 178 laggards, and 26 unchanged stocks. Total trading volume significantly increased from the previous trading day to USD1.5bn.

* Five of the top ten stocks lifting the index were banks. These were VCB (+6.6%), BID (+5.9%), CTG (+6.2%), TCB (+5.4%), and MBB (+6.4%).

* In real estate, VIC (+6.9%), VHM (+3.3%), NVL (+6.9%), and KDH (+6.2%) posted robust gains. BCM (-1.7%) and SIP (-5.1%) plunged.

* Noteworthy gainers from other sectors included utility company GAS (+7.0%), tech company FPT (+5.2%), steelmaker HPG (+6.8%), and retailer MWG (+6.9%).

* Despite the big gains throughout the index, there were some standout decliners, including water company BWE (-2.2%), fish exporter VHC (-2.9%), and construction company VGC (-2.3%).