Vietcap Daily - VN-Index ticks up 0.4%
  • 2025-02-05T00:00:00
  • Market Commentary

* The Government plans to propose new GDP target to National Assembly
* Market wrap: VN-Index ticks up 0.4%


----------------------------------------

Market wrap: VN-Index ticks up 0.4%

The VN-Index ticked up 0.4% (+4.9 pts) on Wednesday to close the trading day at 1,269.6.  

News emerged in the afternoon that Vietnam’s government is seeking National Assembly (NA) approval to raise the 2025 GDP growth target to over 8%, with CPI set at 4.5%-5%. The NA will review the plan during its February 12-18 session, focusing on stability and long-term growth.  

The balance between large-cap gainers was nearly even, with 15 members of the VN30 gaining and 14 declining. Throughout the index, there were 270 gainers, 187 laggards, and 66 stocks unchanged. Total trading volume dropped compared to the previous trading day to USD532.5mn.

* In the banks sector, LPB (+2.3%) and VPB (+1.6%) surged, VCB (+0.7%) and ACB (+0.6%) gained, and BID (-0.1%) and CTG (-0.1%) edged down.  

* In real estate, BCM (+2.1%), VRE (+3.4%), and PDR (+3.7%) sharply increased. VIC (-0.1%) saw a slight loss and KBC (-1.0%) tumbled.  

* There were several strong gainers in other sectors, including milk producer VNM (+2.2%), utility company GAS (+1.0%), logistics company VTP (+2.5%), and telecom towerco CTR (+1.1%).  

* Some of the notable laggards across sectors included food & beverage conglomerate MSN (-1.6%), securities company SSI (-0.9%), retailer FRT (-1.8%), oil & gas company BSR (-0.5%), and airline HVN (-0.9%).

Powered by Froala Editor