6/1/2025: VN-Index extended the drop (VN-Index -0.66%)

• VN-Index started near the reference mark on a cautious note, but soon moved up with Banking sector at the lead thanks to the positive GDP growth posted by Vietnam in 2024.
• Nevertheless, the movement failed to attract cash flow, and the market traded mostly sideway and even gradually lost momentum at the end of the morning.
• This gave rise to the negativity from the previous session to take over pulled the market down sharply.
• Basic Resources sector was the main weight to the index.
• Market breadth included 82 winners, 318 losers, and 68 unchanged.
• Liquidity was nearly unchanged at VND 13.7 trillion.

VN-30 closed at day’s lowest (VN30 -0.57%)

• The basket recorded 8 increasing stocks, 17 decreasing stocks, and 5 staying the same.
• Major decliners were abundant such as BVH (-2.51%), GVR (-2.97%), MSN (-3.59%), MWG (-2.73%), SAB (-2.55%).
• Meanwhile, BID (+1.57%) and VCB (+0.98%) played large parts in supporting the index.

Sectors and stocks daily highlights

• PDR (-4.16%) plunged after the company’s CEO registered to fully divest all his shares.
• SSB (-0.30%) set its target profit before tax in 2025 to be VND 6,458 billion (+10% YoY). The bank also set target credit growth of 15%, target deposit growth of 16%, target total asset growth of 10%.
• Foreign investors net bought VND 112.9 billion. This mostly focused on STB (+0.42%), followed by VTP (+6.93%). On the other hand, net sold stocks were relatively minor.

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January,_06_2025__Daily_Recap_Report_EN