24/1/2025: VN-Index continued gaining (VN-Index +0.43%)

• With earnings announcements in full swing, the market was in a wait-and-see mood today. The VN-Index opened and fluctuated at the reference level of around 1,260 points.
• Trading was not active during the morning session. Movements by sectors were also varied.
• In the afternoon, investors focused on stocks that announced their business results, leading the market to gain positive momentum. The market finally closed at the highest level of the day.
• The Industrial Goods & Services and the Retail sectors took leads among sectors, while the Technology sector was stagnant.
• Market breadth included 258 winners, 195 losers, and 61 unchanged.
• Overall liquidity decreased by 7.5% to VND 12.2 trillion.

VN-30 supportd the market (VN30 +0.38%)

• The basket recorded 20 increasing stocks, 5 decreasing stocks, and 5 staying the same.
• MSN (+3.98%) had a notable gain today, followed by BCM (+1.91%), and MWG (+1.52%).
• All of the 5 declining stocks had less than a 1% drop.

Sectors and stocks daily highlights

• MSN (+3.98%) announced its business result. The company recorded VND 22,666 billion (+9% YoY) in revenue and VND 691 billion (+1282% YoY) in profit after tax in 4Q2024 especially due to a contribution from two subsidiaries, Masan Meat Life and Masan High-Tech Materials. Both companies’ growth in net revenue exceeded 20%.
• GEX (+6.88%) hit the ceiling price after their business results announcement. The company recorded VND 33,759 billion (+13% YoY) in revenue and VND 3,616 billion (+159% YoY) in profit after tax for the whole year. In particular, impressive growth comes from the electrical equipment business segment.
• Foreign investors recorded a net buy value of VND 634.05 billion, mainly driven by LPB (+1.56%), and MSN (+3.98%). On the other hand, foreign investors focused on selling FPT (-0.58%) the most.

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 January,_24_2025__Daily_Recap_Report_EN