Vietnam Daily Market Recap January 10, 2025 – Navigating Vietnam 2025, DXG & PLX Updates

Stocks sink, led by banks, real estate

Selling pressure was felt across the Vietnamese stock market on Friday as investors eyed the DXY index trading near a two-year high, and the VN-Index closed down 1.2% at 1,230.5, a seven-week low. Total trading value (VND11.2tn, USD441.4mn) jumped 49.3%, driven by heavy selling near the close. The HNX-Index (-1.1%) also declined to close at 219.5.

Most sectors were engulfed in red, led by Banks (-1.2%), Real Estate (-1.1%), Telecommunications (-3.5%), Industrial Goods & Services (-1.6%), Chemicals (-2.0%) and Financial Services (-2.3%). Insurance (+0.3%) was the only sector that managed to stay in the green today.

PDR (-5.0%) fell to its lowest level since August 2024. Three members of PDR’s Executive Management Team, including one member of the BOD, have registered to sell a total of nearly 1.6 million shares during January 9 to February 7, 2025.

Despite most real estate stocks declining, KDH (+0.1%) managed to close in positive territory by the end of the session. This was partly attributed to VINACAPITAL-VMEEF registering to buy this stock (1.5 million shares between January 8 and January 24, 2025). In addition, we expect robust business results thanks to smooth legal progress of their projects.

Foreign investors net sold today (VND223bn, USD8.8mn). Selling momentum focused on STB (VND107.2bn, USD4.2mn), SSI (VND39.3bn, USD1.5mn), HPG (VND35.7bn, USD1.4mn) and HCM (VND33.8bn, USD1.3mn). In contrast, they bought HDB (VND42.6bn, USD1.7mn) and FPT (VND31.8bn, USD1.3mn).

For the week, both the VN-Index (-1.9%) and the HNX-Index (-2.7%) plunged. Total trading value (-0.6%) slightly decreased WoW, averaging VND11.2bn (USD441.5mn). Foreign investors extended their selling momentum this week with net selling value of VND1.1tn (USD43.4mn), 2.2x higher than last week.

Read the full report: HERE