Vietnam Daily Market Recap January 9 2025

Stocks slump, led by banks

The VN-Index opened lower on Thursday and remained in negative territory for most of the trading session to close down 0.4% at 1,245.8. Liquidity continued to decline, with the trading value on HoSE narrowing 34% to VND6.6tn (USD260.4mn). The HNX-Index was flat at 221.9.

Most sectors slid today, led by Banks (-0.7%), Food & Beverage (-0.7%), Telecommunications (-0.6%), Basic Resources (-0.7%), and Financial Services (-0.8%). The only sectors that rose were Oil & Gas (+1.2%), Technology (+0.3%) and Utilities (+0.1%).

YEG (-6.8%) plunged to its floor price during today’s trading session after the company confirmed it would not produce two of its signature shows, Anh trai vượt ngàn chông gai and Chị đẹp đạp gió, in 2025. On the evening of January 8, a company representative informed the press that these shows would be replaced with two new productions: Show It All and HAHA Farmer. Anh trai vượt ngàn chông gai, along with its accompanying concerts, played a key role in YeaH1’s success in 2024. As of September 2024, the entertainment and media group reported over VND629bn (USD24.8mn) in revenue, marking a 2.5-fold increase YoY. Net profit after tax soared 4.5x, reaching nearly VND56bn (USD2.2mn). With these results, the company has fulfilled ~79% of its annual revenue target and 86% of its full-year profit goal for 2024.

Foreign investors net sold VND439.5bn (USD17.6mn). Selling momentum focused mainly on STB (VND84.5bn, USD3.3mn), VNM (VND44.3bn, USD1.8mn), and SSI (VND41.1bn, USD1.6mn). Foreign investors bought HDB (VND103bn, USD4.1mn), PAN (VND17.2bn, USD700,000), and FPT (VND14.5bn, USD600,000).

Top market performers included VHM (+1.0%), VIC (+0.6%) and PLX (+1.8%). Top market laggards were HDB (-4.1%), VCB (-0.5%) and BID (-1.0%).

Read the full report: HERE