- 2025-01-08T00:00:00
- Market Commentary
* BID announces execution plan for private placement, releases 2024 preliminary results
* PVS: PetroVietnam extends bidding deadline for O Mon IV Power Plant to February 25
* SZC: 2024 YoY preliminary earnings growth lower than expectations
* TDM: Preliminary 2024 NPAT from water generation beats expectation; Can Tho Water M&A completed
* Fixed Income December 2024: SBV uses reserves to ease pressure on FX market
* DRC: Resilient radial tire sales volume to lead 2025F earnings - Update
* Market wrap: VN-Index ticks up 0.3%
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Market wrap: VN-Index ticks up 0.3%
The VN-Index ticked up 0.3% (+4.1 pts) to close the trading day at 1,251.0. Market sentiment improved in the afternoon following the Deputy Prime Minister's announcement at the Government and Localities Conference, setting 2025 GDP growth targets at 8%-10%, significantly exceeding the National Assembly's plan of 6.5%-7%. Throughout the index, there were 236 gainers, 153 laggards, and 74 stocks that were unchanged. Total trading volume sharply decreased compared to the previous trading day to USD401.8mn.
* In the banks sector, VCB (+0.1%), CTG (+0.9%), TCB (+1.3%), VPB (+0.8%), and LPB (+0.7%) gained. BID (-0.1%) and MBB (-0.2%) edged down while HDB (-3.9%) plunged.
* The basic materials sector rebounded from two days of poor performances, as HPG (+0.8%), HSG (+1.4%), GVR (+1.2%), DGC (+0.1%), and DCM (+0.6%) advanced.
* Several securities stocks posted gains, including SSI (+0.6%), VCI (+1.1%), HCM (+1.1%), and VND (+0.4%).
* Retailer MWG (+1.8%), food & beverage conglomerate MSN (+1.4%), airline HVN (+2.0%), jewelry retailer PNJ (+1.5%), and oil & gas company PLX (+1.1%) were among the notable gainers across sectors.
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