Vietnam Daily Market Recap December 24, 2024 – BCM Update, DXG&DXS Analyst notes

Stocks slide, led by real estate, financial services

The VN-Index traded in negative territory throughout Tuesday’s session, closing down 0.2% to 1,260.4. Total trading value rose 29% compared to Monday to VND12.1tn (USD475.2mn). The HNX Index slid 0.1% to 228.4.

Sectors that declined today included Real Estate (-0.4%), Financial Services (-0.5%) and Travel & Leisure (-0.8%). In contrast, Chemicals (+0.6%), Food & Beverage (+0.4%) and Industrial Goods & Services (+0.2%) gained today.

Today, YEG (+6.9%) received a request from the Ho Chi Minh City Stock Exchange (HoSE) to disclose information regarding its stock price movements. In response, Yeah1 stated that the five recent consecutive sessions of ceiling-price gains were due to objective supply-demand dynamics in the stock market. The company emphasized that stock trading prices are determined by the market and are beyond its control. Yeah1 is the producer of the TV show “Anh Trai Vuot Ngan Chong Gai.” The second concert of the show, held in Hanoi, drew an audience of 130,000 – more than six times the turnout of the first concert in Ho Chi Minh City. Following this event, YEG’s stock price has surged +130% since early December in.

Top performers today included FPT (+0.4%), DGC (+1.7%) and GEE (+7.0%). Top laggards included BID (-1.3%), HPG (-1.1%) and VCB (-0.3%).

Foreign investors net bought today with VND44.8bn (USD1.8mn), with buying momentum focused on SSI (VND59.9bn, USD2.3mn), MWG (VND39.2bn, USD1.5mn), and STB (VND33.3bn, USD1.3mn), while foreigners mainly sold BID (VND70.0bn, USD2.7mn), NLG (VND47.3bn, USD1.9mn), and VRE (VND41.8bn, USD1.6mn).

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