Vietnam Daily Market Recap April 28 – HVN Initation; PVD, BID, MWG, STB Earnings; MSH, MWG, DCM, BID,TCB AGM Notes

Stocks sink, led by tech, VHM

The VN-Index opened lower on Monday and traded in negative territory throughout the session, closing down 0.2% at 1,226.8. The HNX Index followed a similar pattern, posting a loss of 0.1% to close at 211.5. Market sentiment was subdued ahead of the long five-day holiday starting Wednesday, with total trading value falling 31.4% compared to Friday to VND12.2tn (USD468.8mn).
Most sectors declined today, led by Technology (-2.2%), Real Estate (-1.1%), and Automobiles & Parts (-0.5%). In contrast, Industrial Goods & Services, (+1.9%), Financial Services (+0.9%) and Retail (+0.9%) gained.
Top performers today included VIC (+1.5%), SAB (+3.4%) and GEE (+6.5%). Top laggards included VHM (-6.1%), FPT (-2.6%) and BID (-1.3%).
In 1Q25, HDB (+1.2%) recorded pre-tax profit of VND5.35tn (USD205.8mn), up 33% YoY. In 1Q25, HDBank’s digital banking activities continued to deliver strong growth, with the number of individual customers rising 38% and the number of financial transactions via digital platforms increasing 55% YoY.
Foreign investors net sold today with VND4.1bn (USD200,000), with selling momentum focused on VHM (VND117.5bn, USD4.5mn), FPT (VND104.8bn, USD4.0mn), and GEX (VND68.6bn, USD2.6mn). Meanwhile, foreign investors mainly bought MBB (VND117.4bn, USD4.5mn), BVH (VND81.0bn, USD3.1mn), and SAB (VND58.5bn, USD2.2mn).

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