Vietnam Daily Market Recap March 11

All sectors advance as VN-Index surges 3.1%

The VN-Index closed Wednesday at 1,728.34, up 51.61 points or 3.1%, with market breadth firmly positive at 291 advances (30 at ceiling) against 57 declines (three at floor), excluding 35 unchanged stocks. HoSE matched value fell to VND28.8tn (~USD1.1bn), down 24.5% from the previous session. The HNX-Index rose 2.9% to close at 247.02. Today’s rebound was driven by broad buying interest across large-cap names, extending the technical recovery from Monday’s capitulation low. However, the sharp 24.5% drop in HoSE liquidity is a concern as gains built on thin volume are vulnerable to reversal, and a sustained recovery will require liquidity to return toward the 20-session average before investor confidence can be considered restored.

All sectors closed in the green. Retail Services (+5.9%) and Oil & Gas (+5.6%) led the advance, followed by Chemicals (+4.1%), Real Estate (+4.0%), Utilities (+4.0%) and Financial Services (+3.2%). Banking (+1.4%), Technology (+0.9%) and Healthcare (+0.5%) posted the most modest gains.

Among VN30 constituents, 28 stocks advanced — three at ceiling — against just one decliner, with the index climbing 2.9% to close at 1,889.94. BSR and GMD each hit their ceiling price at +7.0%, while MWG surged 6.8% and VRE gained 6.4%. On the downside, BID slipped 0.2%.

Foreign investors were net buyers of VND1.2tn on HOSE. MWG drew the heaviest foreign demand at VND595.8bn, followed by ACB (VND116.6bn), HPG (VND113.1bn), BSR (VND96.4bn) and GMD (VND88.8bn). On the sell side, STB (VND143.3bn), SSI (VND137.9bn) and BID (VND101.8bn) recorded the largest foreign outflows.

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