3/1/2025: VN-Index declined notably (VN-Index -1.19%)

• The VN-Index started the day with unfavorable sentiment from investors as the sell-down volume gradually showed up and dragged down the market.
• The decline in Banking, Financial Services, and Technology sectors mainly narrowed down the market.
• In the afternoon, selling pressure accelerated and further weighed on the market.
• Apart from the Media and Oil and Gas sectors, pessimism spread wide among sectors as the Retail and Basic Resources sectors contributed notably to the decrease.
• Market breadth included 69 winners, 353 losers, and 46 unchanged.
• Liquidity increased by 28% to VND 13.7 trillion.

VN-30 contracted at a faster pace (VN30 -1.68%)

• The basket recorded 3 increasing stocks, 3 decreasing stocks, and 24 staying the same.
• BVH (-3.40%), MWG (-3.30%), and TCB (-3.08%) were the top decliners.
• On the other hand, no stock increased above 1%.

Sectors and stocks daily highlights

• TLG (-0.63%) reported a net profit of 5 billion VND in November 2024, a significant drop compared to the monthly average of nearly 47 billion VND during the year’s first nine months. The decline reflects seasonal trends, as the company’s peak periods are typically in Q2 and Q3, with Q4 being a low season.
• FMC (-0.11%) reported a total revenue of approximately $250.86 million in 2024, marking a 25% increase compared to 2023 and surpassing its annual target by 19%. In December, shrimp production was the main growth driver with the sales volume of finished shrimp products reaching 22,164 tons (+27% YoY).
• Foreign investors net sold VND -731.8 billion, primarily driven by FPT (-1.97%) and CTG (-2.36%). Meanwhile, net-bought stocks recorded insignificant values.

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January,_03_2025__Daily_Recap_Report_EN