Vietnam Daily Market Recap June 8

VN-Index drops 2.6% amid broad-based selling pressure   

The market came under heavy selling pressure on Monday, with the VN-Index closing at 1,790.5, down 48.4 points (-2.6%) from the previous session. Market breadth was heavily negative with 60 advancers, 52 unchanged, and 246 decliners, including four stocks hitting their floor prices. Losses were concentrated in large-cap names, with VIC and VHM among the biggest drags on the index. Meanwhile, the HNX-Index bucked the trend, gaining 4.6 points (+1.6%) to 298.4.

The VN30-Index fell 49.5 points (-2.5%) to 1,936.8, with only two advancers and 27 decliners, reflecting widespread selling pressure across blue-chip stocks. The VN100 also declined 2.4% to 1,859.7.

Sector performance was broadly negative, with 18 of 19 industry groups closing in the red. Real Estate led decliners with a loss of 4.4%, followed by Telecommunications (-4.1%), Insurance (-2.9%), Chemicals (-2.8%), and Tourism & Entertainment (-2.6%). Banking and Financial Services both fell 1.7%, indicating that the correction was relatively broad-based across key market sectors. Construction & Materials was the sole bright spot, rising 1.3%.

HoSE liquidity surged 30.4% DoD to VND15.9tn (USD604.3mn), reflecting intensified selling pressure as investor sentiment turned more cautious amid the market’s sharp correction. Foreign investors remained net sellers, posting a net outflow of VND672.1bn (USD25.5mn). FPT led foreign net selling at VND121.6bn (USD4.6mn), followed by VHM (VND113.4bn/USD4.3mn), MSN (VND93.8bn/USD3.6mn), VIC (VND84.5bn/USD3.2mn) and VPB (VND80.3bn/USD3.1mn). On the buying side, VCB attracted the strongest foreign inflow at VND98.9bn (USD3.8mn), followed by ACB (VND97.8bn/USD3.7mn) and STB (VND41.7bn/USD1.6mn).

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