Vietnam Daily Market Recap May 4

VN-Index flat as Oil & Gas surges

The VN-Index closed Monday, May 4 at 1,854.1, down 0.04 points or essentially unchanged, as the first session following the extended May Day holiday saw sharp sector divergence rather than directional conviction. The index gyrated around its reference level throughout the session, continuing to test the February 2026 resistance zone of 1,860–1,900 points.

HoSE matched value fell 6.8% DoD to VND17.0tn (USD645mn), remaining below the 20-session average. The HNX-Index rose 0.5% to 250.7. The VN30 closed flat.

Nine of 17 sectors advanced. Oil & Gas led all sectors, surging 5.2%, driven by escalating US-Iran geopolitical tensions that lifted energy names broadly, with POW, BSR and GVR among the key movers. Chemicals rose 3.7%, Utilities gained 1.8%, Resources rose 1.1%, Industrial Goods & Services added 0.6%, Retail Services rose 0.8%, Banking rose 0.5%, Leisure & Entertainment gained 0.1% and Insurance rose 0.1%. On the downside, Real Estate fell 1.1%, Construction & Materials fell 1.2%, Technology fell 1.6%, Financial Services fell 0.5%, Food & Beverage fell 0.1%, Telecoms fell 0.1% and Healthcare fell 0.5%.

Foreign investors recorded net selling of VND809.7bn (USD30.7mn) on HoSE. ACB posted the largest net outflow at VND339.9bn (USD12.9mn), followed by FPT at VND313.4bn (USD11.9mn), HPG at VND282.9bn (USD10.7mn), VCB at VND104.6bn (USD4.0mn) and KDH at VND94.9bn (USD3.6mn). On the buy side, HUT attracted VND220.1bn (USD8.4mn), followed by POW at VND101.7bn (USD3.9mn), VRE at VND85.1bn (USD3.2mn), MWG at VND73.2bn (USD2.8mn) and VCG at VND52.2bn (USD2.0mn). Foreign buying concentrated in Oil & Gas and infrastructure-linked names, while persistent selling in banking and technology stocks continued the multi-week trend.

Read the full report: HERE