Vietnam Daily Market Recap June 4

VN-Index rebounds 0.7%, liquidity narrows 

The VN-Index staged a modest recovery on Thursday, gaining 12.5 points (+0.7%) to close at 1,831.6, snapping a recent streak of losses. However, market breadth remained negative with 136 advancers (four at ceiling price), 162 decliners (two at floor price), and 62 unchanged. The HNX-Index retreated 12.6 points (-4.0%) to 304.9, pulling back after a string of consecutive gains.

The VN30-Index rose 7.7 points (+0.4%) to 1,982.3, with 18 advancers, one unchanged, and 10 decliners, reflecting selective buying interest among blue-chip stocks. The VN100 also recovered 0.5% to 1,902.2.

Sector performance was mixed, with 11 of 19 industry groups closing in the green. Oil & Gas led advancers with a gain of 3.9%, followed by Telecommunications (+1.7%), Industrial Goods & Services (+1.5%), Chemicals (+1.1%), and Real Estate (+1.0%). On the downside, Construction & Materials faced the heaviest correction at -4.1%, reversing course after leading the market in the prior session, followed by Technology (-0.8%), Media (-0.3%), and Financial Services (-0.2%).

HoSE liquidity contracted 23.5% to VND12.9tn (USD496.5mn), signaling that money flow had yet to meaningfully return despite the index recovery. Foreign investors recorded their largest net selling session in recent weeks, with a net outflow of VND5.76tn (USD221.5mn). The selling was heavily concentrated in VIC, which alone accounted for VND4.87tn (USD187.4mn) of net outflows, followed by MWG (VND95.9bn/USD3.7mn), ACB (VND89.8bn/USD3.5mn), VPB (VND82.2bn/USD3.2mn), and VHM (VND80.3bn/USD3.1mn). On the buying side, FPT continued to attract foreign inflows at VND257bn (USD9.9mn), followed by SHB (VND33.2bn/USD1.3mn) and PVS (VND29.4bn/USD1.1mn).

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