Vietnam Daily Market Recap August 8 – CTI analyst note

Stocks inch higher, led by oil & gas

The VN-Index opened higher on Friday but quickly reversed and traded in negative territory throughout most of the session, but surged into the close, ending up 0.2% at 1,584.9. Market liquidity improved, with total trading value increasing 10.9% DoD to VND49tn (USD1.9bn). The HNX Index followed a similar pattern throughout the session, increasing 0.6% to close at 272.5.

Sectors were mixed today, as Telecommunications (+5.1%), Oil & Gas (+3.7%), Utilities (+1.2%) and Insurance (+1%) gained. In contrast, Travel & Leisure (-2.2%), Media (-1.0%)  and Basic Resources (-1.3%) declined.

Oil & Gas (+3.7%) surged today, led by PVD (+7%) and BSR (+2.7%). BSR (+2.7%) plans to seek shareholder approval to raise its charter capital from VND31tn (USD1.2bn) to VND50tn (USD1.9bn), mainly to fund the USD1.5bn Dung Quat Refinery Expansion Project. The upgrade will boost capacity from 148,000 to 171,000 barrels per day, meet EURO V standards, and lift the Nelson Complexity Index from 6.27 to 8, enhancing profitability. The expansion also aims to increase high-margin petrochemical output, particularly polypropylene, by about 48.3%. In 1H25, BSR achieved VND68.7tn (USD2.6bn) in revenue (+24.6% YoY) and VND1.3tn (USD49.6mn) in after-tax profit (–34% YoY), already surpassing its full-year profit target by 166%.

Top performers today included VIC (+1.7%), VPB (+2.1%) and GEE (+7.0%), while top laggards included HPG (-1.8%), TCB (-1.4%) and BID (-1.9%).

Foreign investors net sold today with a total value of VND816.3bn (USD31.1mn). Selling pressure was seen in BID (VND216.1bn, USD8.2mn), SSI (VND204.5bn, USD7.8mn) and HPG (VND150.3bn, USD5.7mn). On the other hand, top net bought stocks were VPB (VND223.9bn, USD8.5mn), GEX (VND132.6bn, USD5.1mn) and CII (VND124.4bn, USD4.7mn).

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