Vietnam Daily Market Recap February 5, 2025 – VCB, VJC, DCM,… Earnings Flashes

Stocks rise, led by industrials, real estate

The VN-Index edged higher on Wednesday as investors reacted favorably to the government’s ambitious growth targets (see our macro note), climbing 0.4%, or 4.93 points, to close at 1,269.61, while the HNX-Index rose 0.6%, or 1.37 points, to 227.98. Market liquidity remained subdued, with total trading value on the Ho Chi Minh Stock Exchange (HoSE) reaching VND13.3tn (USD532mn), a decline of 12.5% compared to the previous session.

Sector performances were mixed. Industrial Goods & Services (+1.8%), Utilities (+0.8%), and Real Estate (+0.7%) led gains while the Telecommunications sector (+1.1%) saw upward momentum driven by VGI (+2.1%), FOX (+0.5%), CTR (+1.1%), and ELC (+4.5%). On the downside, Healthcare (-0.2%) declined due to losses in IMP (-0.4%), DBD (-1%), DMC (-2.2%), and TNH (-0.3%), while Travel & Leisure (-0.7%) and Retail (-0.5%) also retreated.

BCM (+2.1%) drew attention following regulatory approval for its public share issuance. On February 3, 2025, the State Securities Commission (SSC) greenlit the company’s plan to raise capital through a 90-day public offering. The move is expected to bolster BCM’s financial position and facilitate debt repayment, with completion targeted for the first half of 2025.

Foreign investors remained net sellers, offloading a combined VND331bn (USD13.2mn) on HoSE, focused on SSI (VND66.6bn, USD2.7mn), CTG (VND65.4bn, USD2.6mn), FRT (VND61.2bn, USD2.4mn), and MWG (VND44.4bn, USD1.8mn).

However, HPG led with a net purchase of VND60bn (USD2.4mn), followed by DIG (VND47bn, USD1.9mn) and PDR (VND42bn, USD1.7mn). LPB (VND37bn/USD1.5mn) and TPB (VND25bn/USD1mn) also saw inflows.

Top index movers included VCB (+0.7%), VNM (+2.2%), LPB (+2.3%), VPB (+1.6%), and GAS (+1.0%). Top index laggards consisted of MSN (-1.6%), HVN (-0.9%), FRT (-1.8%), SSI (-1.0%), and SSB (-0.8%).

Read the full report: HERE