Vietnam Daily Market Recap April 24

VN-Index retreats 0.9%, foreign outflows persist

The VN-Index closed Friday, April 24, at 1,853.3, down 17.1 points or 0.9%. The index reached an intraday peak of 1,879.2 before selling pressure broadened through the afternoon as banking stocks lost momentum. Market breadth was mixed, with 130 advances, including five at their ceiling price, against 187 declines, including one at its floor price, and 55 unchanged. On a weekly basis, the VN-Index rose 36.1 points, or 2.0%, indicating the recovery trend remained intact following a correction last month, supported by large-cap stocks and 1Q26 earnings results.

HoSE matched value fell 35.7% DoD to VND17.3tn (USD658mn), remaining above the 20-session average. The HNX-Index fell 0.5% to 252.0. The VN30 fell 0.7% to 2,011.4, weighing on the broader index. Large-cap stocks including VHM and VIC contributed to the downside.

Six of 17 sectors advanced. Leisure & Entertainment led gains, rising 1.7%, followed by Telecoms up 0.9%, Utilities up 0.5%, Oil & Gas up 0.4%, Chemicals up 0.5% and Insurance up 0.1%. On the downside, Real Estate fell 1.8%, Banking fell 0.9%, Retail Services fell 1.3%, Construction & Materials fell 1.0%, Technology fell 1.1%, Food & Beverage fell 0.8%, Industrial Goods & Services fell 0.4%, Financial Services fell 0.2%, Healthcare fell 0.5% and Resources fell 0.03%.

Foreign investors recorded net selling of VND1.9tn (USD74mn) on HoSE. FPT posted the largest net outflow at VND416.5bn (USD15.8mn), followed by ACB at VND278.5bn (USD10.6mn), VCB at VND240.2bn (USD9.1mn), VHM at VND132.3bn (USD5.0mn) and MSB at VND104.4bn (USD4.0mn). On the buy side, TCB attracted VND33.9bn (USD1.3mn), followed by VPI at VND25.9bn (USD980,000), SSI at VND20.0bn (USD760,000), VJC at VND17.0bn (USD650,000) and MBB at VND16.7bn (USD630,000). The scale of outflows concentrated in blue-chip banking, technology and real estate names.

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