Vietnamese Stock Market Opens Week with Decline

Strategic Insights -

The Vietnamese stock market started the week on a low note as the VN-Index dipped below the 1,300-point psychological threshold. Despite improved liquidity and some gains from a few large-cap stocks, the market was dragged down by selling pressure. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed at 1,269.29, a 5.1-point or 0.39 per cent decline.

Key Takeaways:

  • The VN-Index on HoSE dropped 5.1 points, or 0.39 per cent, to 1,269.29.
  • Market breadth was negative, with 216 decliners overwhelming 110 gainers.
  • Market liquidity rose 8.2 per cent to VND22.4 trillion (US$863.4 million).
  • The VN30-Index, tracking the 30 largest listed firms by market capitalisation, edged down 4.69 points, or 0.34 per cent, to 1,379.75.
  • Leading losers included Vinpearl Joint Stock Company (VPL), Vietcombank (VCB), LienVietPostBank (LPB), and FPT Corporation (FPT).
  • Notable gainers included Vingroup (VIC), Vinhomes (VHM), Gelex Electricity (GEE), and VPBank (VPB).
  • Analysts from Saigon-Hanoi Securities (SHS) expect the VN-Index to test the March 2025 highs in the range of 1,320-1,340 points.
  • SHS warned that the market has already recovered significantly from the 1,080-1,130 range to revisit the 1,320-1,340 zone.

Statistics:

  • Market liquidity rose 8.2 per cent to VND22.4 trillion (US$863.4 million).
  • Over 900 million shares changed hands.
  • The VN-Index dropped 5.1 points, or 0.39 per cent, to 1,269.29.
  • The VN30-Index edged down 4.69 points, or 0.34 per cent, to 1,379.75.
  • Vingroup (VIC) surged to the ceiling price, rising seven per cent and contributing nearly 5.5 points to the Index.

Sources:

  • "+ named company's stock market opened the week with a decline on Monday as the VN-Index dipped below the psychological threshold of 1,300 points." (Source: unnamed source)
  • "The market started the day in the red, with VN-Index at one point losing over nine points, before regaining ground towards the end of the morning session and early afternoon." (Source: unnamed source)
  • "Analysts from Saigon-Hanoi Securities (SHS), said: 'In the short term, VN-Index is showing signs of returning to a growth trend above the 1,300-point support level.'" (Source: Saigon-Hanoi Securities (SHS))
  • "SHS warned that the market has already recovered significantly from the 1,080-1,130 range to revisit the 1,320-1,340 zone." (Source: Saigon-Hanoi Securities (SHS))