Vietnam Daily Market Recap Dec 18

Stocks edge higher, led by travel & leisure

The VN-Index opened lower on Thursday and traded in negative territory throughout the session, but suddenly reversed at the end of the session, closing up 0.2% at 1,677.0. Market liquidity dipped, with total trading value declining 4.8% DoD to VND18.7tn (USD709mn). The HNX Index traded around its reference price throughout the session, closing up 0.04% to close at 253.2.

VIC (-0.1%) today announced that its infrastructure arm, VinSpeed, signed a strategic partnership with Siemens Mobility to develop high-speed rail systems across Vietnam. Under the deal, Siemens will supply next-generation Velaro Novo trainsets and key subsystems for the Hanoi–Quang Ninh and Ben Thanh–Can Gio high-speed lines. This agreement also covers technology transfer and maintenance, reinforcing Vingroup’s commitment to modernizing the country’s transport network through large-scale infrastructure projects

Sector performance was mixed, with Travel & Leisure (+2.5%), Media (+0.8%), and Insurance (+0.6%) leading gainers. In contrast, Technology (-1.5%), Telecommunications (-0.7%) and Chemicals (-0.6%) declined.

Top performers today included VJC (+4.8%), GEE (+5.7%) and HDB (+3.4%), while top laggards included CTG (-1.0%), FPT (-1.6%), and DGC (-7.0%).

Foreign investors net sold today with VND879bn (USD33.4mn), with selling heavily concentrated on DXS (VND423bn, USD16.0mn) and VIC (VND332bn, USD12.6mn), while foreigners mainly bought MBB (VND94.8bn, USD3.6mn), TCB (VND54.7bn, USD2.1mn) and VNM (VND51.1bn, USD1.9mn).

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