Vietnam Daily Market Recap May 25

VN-Index rises 0.5%, sectors diverge 

The VN-Index closed on Monday, gaining 8.9 points (+0.5%) to close at 1,886.0 amid a sharp divergence between large-cap anchors and the broader market. Despite the index recovery, market breadth remained negative with 126 advancers (three at ceiling price), 174 decliners (none at floor price), and 72 unchanged. Conversely, the HNX-Index added 1.6% to finish at 271.8.

The VN30-Index rose 0.5% to 2,021.7, with 18 advancers and 10 decliners, reflecting a clear concentration of buying demand in large-cap constituents.

Overall sector performance was mixed, with 11 of 19 groups gaining ground. Tourism & Entertainment led the advances, rising 2.0%, followed by Real Estate (+1.5%), Construction & Materials (+0.9%), Resources (+0.8%), and Banking (+0.7%). On the downside, Oil & Gas tumbled 5.0%, while Chemicals and Technology both shed 2.0%. Notably, VHM surged 3.2% on turnover of VND579.6bn (USD22.3mn) and ACB gained 3.1% on VND712.4bn (USD27.4mn), emerging as the two largest drivers for the benchmark index.

HoSE liquidity contracted 25.6% DoD to VND13.9tn (USD534.6mn). Foreign investors maintained a net selling position, booking a net outflow of VND1.91tn (USD73.6mn). However, nearly 80% of this selling pressure was heavily concentrated in MSB with a net outflow of VND1.48tn (USD57.1mn), even as the ticker managed a minor 0.4% gain. On the buying side, foreign capital focused primarily on MSN (+VND145.3bn, +USD5.6mn), HDB (+VND112.0bn, +USD4.3mn), and VIC (+VND66.5bn, +USD2.6mn).

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