Vietnam Daily Market Recap June 4 – CTD Update

Stocks dipped; media outperforms

The VN-Index opened higher on Wednesday but subsequently declined throughout the session, closing down 0.1% at 1,345.7, amid reports that Vietnam is facing tough requests from the US in trade talks. Market liquidity declined, with total trading value plunging 25.7% to VND19.1tn (USD735.2mn). In contrast, The HNX Index posted a gain of 0.8% to close at 230.8.

Sector performance were mixed today, with Utilities (-1.2%), Chemicals (-0.9%) and Retail (-0.7%) declining. On the contrary, Media (+3.2%), Telecommunications (+1.7%) and Oil & Gas (+1.5%) increased.

Top laggards included GAS (-1.5%), VHM (-0.6%) and TCB (-0.8%), while top gainers included VNM (+2.5%), EIB (+6.5%) and MSN (+1.3%).

Pork-producer stocks DBC (+6.9%), MML (+5.2%), and BAF (+1.7%) surged today, amid news that a key competitor, C.P. Vietnam, is facing accusations of selling unqualified pigs—a situation that could heavily affect its long-standing reputation in Vietnam. The market is speculating that this development could benefit other industry players as consumers and businesses potentially seek alternative suppliers.

BIC (+6.9%) surged today, following its announcement to issue nearly 8.5 million bonus shares to increase its charter capital, at an issuance rate of 7.6% (1000:76, 76 new shares for every 1000 shares held).

Foreign investors net sold today with VND13.4bn (USD515,385) in value, with foreigners mainly selling VHM (VND133.8bn, USD5.1mn), STB (VND118.5bn, USD4.6mn) and DXG (VND71.2bn, USD2.7mn), while buying momentum focused on EIB (VND98.4bn, USD3.8mn), DBC (VND78.1bn, USD3mn) and VND (VND63.7bn, USD2.4mn).

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