16/04/2025: VN-Index continued correction (VN-Index -1.42%)

• VN-Index started just slightly above the reference mark as investors remained cautious approaching the resistance level of 1,230.
• The index mostly fluctuated around this level as stocks and sectors diverged.
• However, in the afternoon session, pressures from FPT (-6.98%) began to pull the market down.
• The negativity spread, and the market plunged further without any meaning recovery.
• Market breadth included 153 winners, 319 losers, and 55 unchanged.
• Liquidity dropped by 19.5% to VND 19.4 trillion.

VN-30 suffered similar pressure (VN-30 -1.34%)

• The basket recorded 8 increasing stocks and 22 decreasing stocks.
• VJC (+2.52%) and TPB (+1.17%) were the few major gainers.
• Most notable in terms of decliners included FPT (-6.98%), BCM (-5.31%), VIC (-3.69%), GVR (-3.69%), MSN (-3.59%).

Sectors and stocks daily highlights

• FPT (-6.98%) plunged following rumors regarding the transfer of FOX (+4.01%), which currently contributes 28% to FPT’s total revenue.
• NSC (+4.48%) set record high business plans for 2025 at VND 2,750 billion revenue (+12% YoY) and VND 310 billion profit before tax (+14% YoY). The company also planned to further restructured and to focus on markets with higher profit margins.
• Foreign investors net sold VND 277 billion today. This solely focused on FPT (-6.98%). On the other hand, VHM (-1.74%) and ACB (+0.83%) were the most net bought stocks.

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April,_16_2025__Daily_Recap_Report_EN