9/1/2025: VN-Index was stagnant (VN-Index -0.42%)

• In the morning, the VN-Index initially maintained a higher level than the 1,250 threshold, but it soon lost all momentum due to sluggish trading activities.
• The decline of the Banking sector weighed on the market, dragging the Index below the reference.
• In the afternoon, selling momentum continued to pick up. However, some buyers showed up at the end to mitigate the downward movement.
• The Banking sector further declined, followed by the Financial Services, and Basic Resources sectors.
• Market breadth included 126 winners, 263 losers, and 64 unchanged.
• Liquidity decreased by 27.1% to VND 7.4 trillion.

VN-30 contracted at the same pace (VN30 -0.44%)

• The basket recorded 7 increasing stocks, 21 decreasing stocks, and 2 staying the same.
• PLX (+1.83%) was the only stock to increase more than 1%.
• Meanwhile, HDB (-4.08%), BCM (-1.52%), and SSI (-1.21%) put a hindrance on the basket’s growth.

Sectors and stocks daily highlights

• BID (-0.99%) plans to privately issue approximately 123.8 million shares at 38,800 VND per share, aiming to raise over 4.8 trillion VND. The funds will bolster business operations, including credit activities, investments, and infrastructure and technology enhancements.
• CTG (-1.06%) reported a pre-tax profit exceeding 26.3 trillion VND for 2024, surpassing its annual target. The bank’s credit growth increased by 16.88% YoY. Non-interest income contributed nearly 27% to total operating income, driven by core services such as guarantees and payments. Additionally, CTG’s deposit growth attained a 15% increase YoY.
• Foreign investors net sold VND 440 billion, mainly driven by STB (-0.41%). On the other hand, the values of net-bought stocks were negligible.

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January,_09_2025__Daily_Recap_Report_EN