Vietnam Daily Market Recap January 22, 2025 – ETF Notes, LPB & TCB Earnings

Stocks slump, led by basic resources

The VN-Index zigzagged between positive and negative territory on Wednesday before closing down 0.3% to 1,242.53. Similarly, the HNX-Index fell 0.5% to 220.67. The market’s liquidity increased 2.2% compared to the Tuesday session, with VN-Index’s trading volume exceeding 505.8 million shares, equivalent to more than VND12tn (USD474.8mn). On the HNX-Index, trading volume reached over 78.5 million shares, equivalent to more than VND1.2tn (USD48.6mn).

The Basic Resources sector saw the most significant decline at 1.2%, led by HPG (-0.6%) and HSG (-1.4%). The Real Estate and Industrial sectors also dropped 0.7% and 1%, respectively. On the contrary, the Telecommunications sector recovered strongly, rising 1.7%, with notable gainers including VGI (+3.5%), FOX (+2.4%), CTR (+4.2%), VNZ (+0.7%), and YEG (+7%).

FRT (+4.4%) stock peaked at VND201,000 per share today, extending a gain of over VND4tn (USD159.4) in market capitalization over the last two months, driven by retailer Long Châu successfully selling pharmaceuticals through app VNeID. By the end of 3Q24, the chain had expanded to nearly 1,400 stores nationwide, including 352 new store openings this year, and achieved profit growth of 124% YoY.

The sale of medicine products on a digital platform not only enhances user experience but also boosts online revenue, solidifying Long Châu’s leadership in the pharmaceutical industry. With this momentum, FPT Retail expects a profit of VND742bn (USD29.6mn) in 2025, a 70.6% increase YoY.

Foreign investors net sold VND249bn (USD9.9mn) on HoSE, with the highest outflows from GMD (VND47.9bn, USD1.9mn), FRT (VND46.8bn, USD1.9mn), and FPT (VND43.1bn, USD1.7mn). Conversely, the largest inflows were recorded in LPB (VND85.1bn, USD3.4mn), HDB (VND29.5bn, USD1.2mn), and CTR (VND26.7bn, USD1.1mn)

Top gainers today included LPB (+4.9%), FRT (+4.4%), HVN (+2.5%), and BSR (+1.5%). Top laggards included HDB (-2.9%), VHM (-1.6%), and BID (-0.8%).

Read the full report: HERE