Vietnam Daily Market Recap May 13 – Earnings Review

Stocks jump, led by retail, industrials

The VN-Index opened higher on Tuesday and traded in positive territory throughout the session, closing up 0.8% at 1,293.4. The index has risen 18.2% since closing at 1,094 on April 9. Market liquidity increased, with total trading value rising 10.1% compared to Monday to VND21.7tn (USD835.3mn). The HNX Index followed a similar pattern, posting a gain of 0.9% to close at 217.9.
Most sectors gained today, led by Retail (+3.3%), Industrial Goods & Services (+1.9%), and Basic Resources (+1.4%). In contrast, sectors such as Media (-0.7%), Utilities (-0.2%) and Travel & Leisure (-0.2%) declined.
Top performers today included CTG (+4.1%), MBB (+2.9%), MWG (+4.4%) and BID (+1.6%). TCG (+6.5%) led gainers, adding 1.9 points to the index. Top laggards included TPB (-1.1%), VHM (-0.5%) and SSB (-1.6%).
PNJ (+4.5%) reached its ceiling price during the session but failed to maintain it by the end of trading. Global gold prices plunged to USD3,233.8/ounce on May 13 after the US announced a temporary cut in import tariffs on Chinese goods. The US reduced tariffs from 145% to 30% for a 90-day period, while China lowered its tariffs on US goods from 125% to 10% in return.The sharp drop in raw gold prices is expected to help jewelry retailers such as PNJ lower their cost of goods sold.
VSC (+3.7%) successfully acquired more than 2.4 million HAH shares through four separate trading sessions. Following the transactions, its holding in HAH increased from nearly 9.7 million shares to almost 12.1 million shares, equivalent to a rise in ownership from 7.45% to 9.31% of HAH’s charter capital.
Foreign investors net bought today with VND986bn (USD38.0mn), with foreigners mainly buying MBB (VND348.4bn, USD13.4mn), MWG (VND314.3bn, USD12.1mn) and PNJ (VND221.2bn, USD8.5mn), while selling momentum focused on VCB (VND261.8bn, USD10.1mn), STB (VND151.1bn, USD5.8mn) and GEX (VND122.8bn, USD4.7mn).

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