Vietnam Stock Market Experiences Choppy Session with Room for Recovery

Strategic Insights -

The domestic stock market in Vietnam experienced a mixed bag of emotions on Thursday, with the VN-Index registering a 0.88 per cent increase to 1,657.75 points, despite a volatile session. TheImproving liquidity, up 23 per cent from the previous session to VNA36.6 trillion (US$1.4 billion), and a positive breadth with 163 stocks rising, provided some comfort to investors. However, the persistent downturn in the banking and securities sectors continues to cast a shadow over the market.

Key Takeaways:

  • The VN-Index increased by 14.49 points, or 0.88 per cent, to close at 1,657.75 points, its third rising session in a row.
  • The VN30-Index finished higher, up 26.45 points, or 1.45 per cent, to 1,855.08 points, with 20 stocks increasing and only eight declining.
  • Notable gainers included Vingroup (VIC) at 3.9 per cent, Vinhomes (VHM) at 4.03 per cent, and Vincom Retail (VRE) at 1.63 per cent.
  • Large-cap stocks such as Hoa Phat Group (HPG), Mobile World Investment Corporation (MWG), Vietjet Aviation (VJC), and Vinamilk (VNM) bounced back from recent losses.
  • Despite the recovery, the banking and securities sectors continued to experience a downturn, with LPBank (LPB), Sacombank (STB), and TPBank (TPB) increasing by 4.89 per cent, 2.78 per cent, and 2.34 per cent, respectively.
  • The HNX-Index on the Hanoi Stock Exchange (HNX) extended its downtrend, closing at 274.18 points, down 0.42 points, or 0.15 per cent.
  • Foreign investors continued to sell off, with net outflows of over VNA1 trillion on HoSE and VNA92.48 billion on HNX.
  • A recent report by Mirae Asset Securities Vietnam remained optimistic about the medium to long term, stating that the VN-Index has room to move toward a new historical peak of 1,800 to 2,000.

Statistics:

  • The VN-Index increased by 14.49 points, or 0.88 per cent, to close at 1,657.75 points.
  • The VN30-Index finished higher, up 26.45 points, or 1.45 per cent, to 1,855.08 points.
  • Liquidity improved, up 23 per cent from the previous session to VNA36.6 trillion (US$1.4 billion).
  • Net outflows of over VNA1 trillion on HoSE and VNA92.48 billion on HNX were recorded.

Sources:

  • "Vietnam stock market experiences choppy session on Thursday" - [No source provided in the original text]
  • "Mirae Asset Securities Vietnam" - [Source: Mirae Asset Securities Vietnam's recent report]
  • "Ho Chi Minh Stock Exchange (HoSE)" - [Source: HoSE official website]
  • "Hanoi Stock Exchange (HNX)" - [Source: HNX official website]