Vietnam Daily Market Recap Dec 16

Stocks surge, led by Vingroup-related tickers, banks

The VN-Index opened lower on Tuesday and traded in negative territory during the morning session, but quickly turned positive in the afternoon session to close up 2.0% at 1,679. Market liquidity increased, with total trading value surging 34.3% DoD to VND25.3tn (USD963mn). The HNX Index followed the same pattern as the VN-Index, posted a gain of 2.3% at 255.1.

While the market continued to be led by Vingroup-related tickers, including VHM (+2.7%) and VPL (+7.0%), the upward momentum also extended to the banking and securities sectors, where blue-chips like HDB (+7.0%), TCB (+3.1%) and VND (+6.8%) posted significant gains.

MWG (+5.5%) surged today, as the retailer finalized a VND800bn (USD30.4mn) buyback of 10 million shares for capital reduction, while sentiment was further lifted by strong revenue growth and a newly approved roadmap to an IPO of its Dien May Xanh chain by 2026.

Most sectors increased today, with Oil & Gas (+4.3%), Retail (+3.7%), and Financial Services (+3.1%) leading gainers. In contrast, only Media (-0.1%) declined.

Top performers today included VHM (+2.7%), VPL (+7.0%), and HDB (+7.0%), while top laggards included VCK (-15.3%), DGC (-7.0%) and GEE (-2.7%).

Foreign investors net bought today with VND5.4bn (USD203,611), with buying momentum focused on TCX (VND147bn, USD5.6mn), MWG (VND112bn, USD4.3mn), and VIX (VND87.5bn, USD3.3mn), while foreigners mainly sold VIC (VND169bn, USD6.4mn), VCB (VND154bn, USD5.8mn) and DGC (VND123bn, USD4.9mn).

Read the full report: HERE