Vietnam Daily Market Recap June 27

Stocks advance, led by telecom

The VN-Index opened higher on Friday, dipped in the morning session but quickly recovered in the afternoon session, closing up 0.4% at 1,371.4. For the week, The VN-Index advanced 1.6%, surging through the 1,350 level to reach a three-year high. Market liquidity declined, with total trading value decreasing 1.0% DoD to VND18.9tn (USD722.8mn). The HNX Index followed a similar pattern, posting a gain of 0.1% to close at 227.8.

Most sectors increased today, with Telecommunications (+2.1%), Food & Beverage (+2.0%) and Retail (+1.3%) leading gainers. In contrast, sectors such as Chemicals (-0.5%), Insurance (-0.4%) and Utilities (-0.4%) declined.

Top performers today included MSN (+6.7%), VHM (+1.3%) and VNM (+2.5%). Top laggards included MBB (-0.8%), GAS (-0.7%) and VCB (-1.0%).

Vietnam’s parliament today passed a revised law on credit institutions to strengthen its financial sector and tackle bad debt. The central bank is now authorized to issue special, zero-interest emergency loans to support troubled banks. Commercial lenders are also empowered to more easily seize collateral on non-performing loans with prior agreement. These changes aim to enhance banking stability, unlock frozen capital, and support overall credit growth.

Foreign investors net sold today with a total net selling value of VND10.6bn (USD409,077). Selling momentum focused on FPT (VND155bn, USD6.0mn), VCI (VND67.0bn, USD2.6mn) and STB (VND62.8bn, USD2.4mn). On the other hand, they mainly bought MSN (VND128bn, USD4.9mn), SSI (VND71.1bn, USD2.7mn) and MWG (VND62.8bn, USD2.4mn).

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