17/03/2025: VN-Index hit new highs for the year (VN-Index +0.76%)
- VN-Index opened higher, in line with the upward trend of major global markets.
- In the morning session, selling pressure from what appeared to be profit-taking kept the index mostly flat. However, buying momentum strengthened in the afternoon session, pushing the index higher.
- Net buying by foreign investors also contributed to VN-Index closing at a new year-to-date high.
- The Travel & Leisure, Banking, and Construction & Materials sectors led the gains.
- Market breadth included 270 winners, 185 losers, and 79 unchanged.
- Liquidity decreased by 10.3% to VND 20.6 trillion.
VN-30 also held steady (VN30 +0.57%)
- The basket recorded 17 increasing stocks, 9 decreasing stocks, and 4 staying the same.
- SHB (+5.14%), BCM (+3.54%), and VPB (+3.06%) gained over 3%.
- The declines in BVH (-1.12%) and FPT (-1.07%) were significant.
Sectors and stocks daily highlights
- VHM (-0.21%) announced the start date for its Cam Ranh Bay urban development project in Khanh Hoa province, southeastern Vietnam. The project is scheduled to begin construction in April 2025, covering an area of 1,250 hectares with a total investment of up to VND 85 trillion.
- PLX (+0.12%) revealed that the public auction for the full divestment of its stake in Petrolimex Laos is scheduled for April 8. The starting bid price is set at over VND 68.2 billion, with a deposit requirement of 10% of the starting price.
- Foreign investors recorded a net buy of VND 204 billion, with VCB (+1.97%) being the most heavily bought stock. On the other hand, FPT (-1.07%) saw the largest net selling amount.
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