Vietnam Daily Market Recap Sep 23

Stocks advance, led by financial services

The VN-Index opened higher on Tuesday and traded in positive territory throughout the session, closing up 0.1% at 1,635.3. Market liquidity decreased, with total trading value declining 44.5% compared to Monday to VND18.6tn (USD700mn). However, the HNX Index posted a loss of 0.4% to close at 273.1.
Most sectors rose today, led by Financial Services (+0.6%), Retail (+0.9%) and Basic Resources (+0.5%), while Technology (-1.5%), Utilities (-0.5%) and Insurance (-0.6%) declined.
VIX (+2.1%) announced a Board of Directors’ resolution to revise its 2025 profit targets upward. Specifically, the company plans to raise its full-year 2025 pretax profit target by 333%, from VND1.5tn (USD57mn) to VND5tn (USD189mn), and its net profit target by 333%, from VND1.2tn (USD45mn) to VND4tn (USD151mn). Compared with the initial 2025 net profit target of VND1.2tn (USD45mn), VIX has already surpassed the plan by nearly 40%. In addition, VIX contributed VND150bn (USD6mn) to establish a digital asset subsidiary, VIX Digital Asset Exchange JSC (VIXEX).
Top performers today included CTG (+1.4%), VPB (+1.4%) and MWG (+1.7%). Top laggards included VHM (-0.8%), FPT (-1.7%) and SHB (-2.3%).
Foreign investors net sold today with a total value of VND4.9bn (USD200,000). Selling pressure was concentrated in FPT (VND562.6bn, USD21.3mn), MSN (VND81.9bn, USD3.1mn) and KDH (VND46.2bn, USD1.7mn). On the other hand, top net buying was seen in VIX (VND249.7bn, USD9.5mn), MWG (VND149.3bn, USD5.7mn) and SHB (VND135bn, USD5.1mn).

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