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Vietnam Daily Market Recap April 22 – POW,VRE, AGM Notes, SCS,PNJ,TCB Earnings Flash, HSG-NKG Updates

Daily Market Recap 22/04/2025    204

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Stocks plunge, recover in afternoon; media, chemicals lead laggards

The VN-Index was moderately lower in the morning session on Tuesday before plunging more than 5% at the beginning of the afternoon, only to bounce back and close down 0.8% at 1,197.1. Market liquidity surged, with total trading value rising 83.8% compared to Monday to VND31.7tn (USD1.2bn). The HNX Index followed a similar pattern, posting a loss of 1.8% to close at 207.7.
Most sectors declined today, led by Media (-3.5%), Chemicals (-3.3%), Oil & Gas (-3.2%), and Telecommunications (-2.7%). In contrast, Travel & Leisure (+2.3%) and Industrial Goods & Services (+0.1%) gained.
Top performers today included VHM (+4.5%), HVN (+4.6%) and MWG (+3.0%). Top laggards included VIC (-4.1%), GVR (-5.9%), TCM (-3.5%) and BCM (-5.8%).
VHC (-6.9%) hit its floor price today. VHC posted revenue of VND1.02tn (USD39.4mn) in March, down 6% YoY, mainly due to falling export sales to the US and EU. Specifically, revenue from the US market dropped 24% YoY to VND241bn (USD9.3mn), while revenue from the EU market declined 8% YoY to VND241bn (USD9.3mn).
POW (-2.1%) fell, as this year POW targets electricity output of 18.86 billion kWh and consolidated net profit of VND439bn (USD17.0mn), down 67% vs 2024.
Foreign investors net bought today with VND597.8bn (USD23.1mn), with foreigners mainly buying HPG (VND213.5bn, USD8.2mn), MWG (VND183.3bn, USD7.1mn) and STB (VND170.5bn, USD6.6mn), while selling momentum focused on FPT (VND123.7bn, USD4.8mn), KBC (VND104.6bn, USD4.0mn) and VNM (VND60.2bn, USD2.3mn).

Read the full report: HERE