Stock Market

The large-cap stocks, notably FPT and the banking sector, bore the brunt of today's market downturn. Despite the sea of red, there were pockets of resilience. Impressively, many stocks witnessed robust cash flow support, indicating inherent strength that could set them apart in upcoming sessions.

The VN-Index remained lackluster in the afternoon session, but many resilient stocks gained strength. The index was heavily impacted by the drag of large-cap stocks, with the VN30-Index plunging to a 16-session low as foreign selling pressure weighed down on these stocks. FPT took a significant hit, evaporating 5.15% in value.

In Q4 2024, the market's after-tax profit rose by 20.9% year-over-year, marking the fourth consecutive quarter of steady growth. Several industries witnessed remarkable growth spurts during this period, notably Real Estate and Retail, which significantly contributed to the overall positive performance.

The investor community reacted rather negatively on the first trading session of the Year of the Wood Snake, as Vietnamese markets reopened after a two-week Lunar New Year holiday amidst a volatile international backdrop. The tech-heavy NASDAQ composite index fell sharply, and this was reflected in the performance of FPT Corporation, which faced the brunt of the selling pressure. The stock tumbled as global tech stocks experienced a broad-based decline, with the impact of this trend finally catching up to the Vietnamese market.

The external factor has significantly faded, and the domestic market today witnessed a robust recovery with surging liquidity, despite FPT's trading decrease. The breadth of stocks, index gains, and liquidity all aligned, indicating a consensus and a positive shift in market sentiment.

As of February 4th, the Dollar Index weakened by 0.5% to 108.96, retreating from a three-week high of 109.88 touched the previous day. Despite this, the USD/VND rate remained under pressure as markets forecast a diminishing likelihood of the FED executing two interest rate cuts this year, with the probability now sitting at just under 50%.

The stock market, building on its positive growth trajectory from 2024, is poised for a transformative year in 2025. With a focus on sustainable development and a commitment to resolving lingering issues related to market upgrades, the market is set to undergo significant changes.

Many stock funds recorded returns of up to over 30% in the past trading year, an impressive performance that outpaced the broader market.

Expanding its international flight network and catering to the travel demands of passengers with an ever-growing modern fleet, Vietjet Aviation Joint Stock Company (HOSE: VJC) witnessed remarkable revenue and profit growth in Q4 and throughout 2024.

Liquidity across all three exchanges surged today, with a massive 15.7 trillion VND in matched orders. The foreign bloc remained a weak link, offloading another 985.6 billion VND, with 632.9 billion VND in matched orders alone.