Vietnam Daily Market Recap August 1 – MWG, KDH, GAS, HSG, DXG, BID, HPG, HDB, HAH, IDC, DXS, HVN, NKG, VCB, KBC, HHV, BSR & VNM Earnings

Stocks edge lower, led by Financial Services

The VN-Index opened higher on Friday but quickly reversed and traded in negative territory throughout the rest of the session to close down 0.5% at 1,495. Market liquidity dipped, with total trading value declining 10% to VND39.1tn (USD1.5bn). The HNX Index followed the same pattern, closing down 0.5% to close at 264.9. For the week, the VN-Index closed at an all-time high on Monday at 1,557.4, then subsequently declined throughout the rest of the week, ending down 2.3% WoW.

Sector performances were mixed today, with Financial Services (-1.6%), Travel & Leisure (-1.2%) and Chemicals (-0.8%) declining. In contrast, Technology (+2.4%), Construction & Materials (+1.0%) and Retail (+1.3%) gained.

TAL (+20.0%) hit its ceiling price today, as it was its first day of trading on the Ho Chi Minh Stock Exchange. The company emphasized that this event marks a major step in their strategy for sustainable and transparent development, reflecting their long-standing commitment to product quality, customer trust, and community responsibility. With nearly 312 million shares listed, the company pledged to enhance corporate governance and ensure financial transparency for the benefit of shareholders

Top laggards today included CTG (-3.5%), VIC (-1.4%) and BID (-1.7%), while top performers included FPT (+2.9%), PNJ (+7.0%) and HDB (+2.1%)

Foreign investors net sold today with a total value of VND2.3tn (USD88.6mn). Top net selling was seen in SSI (VND466bn, USD17.9mn), CTG (VND385bn, USD14.8mn) and FPT (VND287bn, USD11.0mn). On the other hand, buying momentum was concentrated in SHB (VND153bn, USD5.9mn), NVL (VND85.4bn, USD3.3mn) and MSB (VND81.7bn, USD3.1mn).

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