24/2/2025: VN-Index broke above 1,300 pts (VN-Index +0.60%)

• VN-Index started trading somewhat erratically in early trading.
• The index then rose as the buying trend gradually spread, especially in steel stocks.
• The buying momentum increased especially toward the end of trading, and the index closed above 1,300 pt for the first time since last June.
• By sector, the Basic Resources and Financial Services sectors performed well.
• Market breadth included 260 winners, 194 losers, and 83 unchanged.
• Liquidity increased, rising 32.4% to VND 21.0 trillion.

VN-30 leads market (VN30 +0.80%)

• The basket recorded 21 increasing stocks, 6 decreasing stocks, and 3 staying the same.
• HPG (+4.73%) and VNM (+3.91%) were the big gainers.
• On the other hand, FPT (-1.06%) and others fell.

Sectors and stocks daily highlights

• The Vietnamese Ministry of Industry and Trade decided to apply a provisional anti-dumping tax to hot rolled steel sheet (HRC) from China on March 21. Steel stocks such as HPG (+4.73%), HSG (+1.99%), and NKG (+2.49%) performed well on the back of this decision.
• BCM (-0.53%) plans to raise about VND 21 trillion through a public offering of 300 million shares on April 28. The funds will be used to invest in the Cay Truong Industrial Park and Bau Bang Industrial Park projects.
• Foreign investors net sold VND 259 billion, led by FPT (-1.06%) and HPG (+4.73%). On the other hand, net buying was concentrated in VNM (+3.91%).

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