Vietnam Daily Market Recap December 26, 2024 – VNM, MBB & LPB Updates

Stocks inch lower, led by telecoms

The VN-Index zigzagged between positive and negative territory throughout the session on Thursday, closing down 0.1% at 1,272.9. Total trading value declined sharply by 35% compared to Wednesday to VND10.6tn (USD416.8mn). Meanwhile, the HNX-Index gained 0.04% to 229.9.

Sectors that declined today included Telecommunications (-1.1%), Food & Beverage (-0.5%) and Chemicals (-0.8%). In contrast, sectors such as Healthcare (+0.5%), Basic Resources (+0.5%) and Banks (+0.2%) gained.

YEG (-6.9%) reversed course and hit its floor price today after seven consecutive sessions closing at its ceiling price. The stock had surged by 125% in December alone.
Top performers today included MBB (+1.8%), BID (+0.9%), VIB (+2.9%) and STB (+2.3%) as several banks demonstrated continuing momentum from yesterday’s strong gains. Top laggards included VCB (-0.3%) and FPT (-0.7%).

VIB (+2.9%) increased on expectations of a recovery in mortgage loans in 2025, driven by an anticipated rebound in the real estate market.
Foreign investors net sold today a total of VND368.8bn (USD14.5mn), with selling momentum focused on VCB (VND175.4bn, USD6.9mn), FPT (VND67.7bn, USD2.7mn), and VNM (VND49.2bn, USD1.9mn), while foreigners mainly bought SSI (VND43.4bn, USD1.7mn), CTG (VND41.6bn, USD1.6mn), and KDH (VND28.4bn, USD1.1mn).

Read the full report: HERE