Vietnam Daily Market Recap Dec 17

Stocks decline, led by travel & leisure

The VN-Index opened lower on Wednesday and traded around its reference price throughout the session, closing down 0.3% at 1,673.7. Market liquidity plunged, with total trading value declining 22.7% DoD to VND19.6tn (USD745mn). The HNX Index followed the same pattern as the VN-Index, declining 0.8% to close at 253.1.

Sector performances were mixed, with Travel & Leisure (-3.0%), Utilities (-1.8%), and Chemicals (-1.4%) declining. In contrast, Industrial Goods & Services (+1.2%), Technology (+1.0%) and Telecommunications (+0.8%) gained.

YEG (+6.6%) surged today, as Sony Music Entertainment Hong Kong announced a strategic investment to acquire a 49% stake in Yeah1’s subsidiary 1Label, transforming it and 1Talents into associated companies. This historic partnership aims to leverage Sony’s global distribution network alongside Yeah1’s content production capabilities to elevate Vietnamese music and expand its reach into international markets.

Top laggards included VJC (-3.3%), GAS (-2.2%) and CTG (-1.6%), while top performers today included VPL (+4.3%), GEE (+7.0%), and BID (+1.6%).

Foreign investors net bought today with VND3.1bn (USD119,410), with buying momentum focused on HDB (VND136bn, USD5.2mn), FPT (VND101bn, USD3.9mn), and GEX (VND79.1bn, USD3.0mn), while foreigners mainly sold VIC (VND171bn, USD6.5mn), CTG (VND81.1bn, USD3.1mn) and VHM (VND64.8bn, USD2.5mn).

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