Vietnam Daily Market Recap May 8

VN-Index gains 0.3% while decliners dominated

The VN-Index closed at 1,915.4 on Friday, rising 6.4 points (0.3%) and to reach a fresh all-time closing high for a second consecutive session. For the week, the index gained 61.3 points (3.3%). Market breadth remained negative, with 95 advancers (two at ceiling price), 210 decliners (three at floor price) and 56 unchanged, as profit-taking remained broad across mid- and small-cap stocks while gains concentrated in select large caps. The HNX-Index fell 0.5% to 246.5, indicating selling pressure extended beyond HoSE.

The VN30 fell 0.2% to 2,074.1, with 10 advancers and 18 decliners, and no stocks at ceiling or floor price.

Positive 1Q26 earnings in Banking and Real Estate supported selective inflows into sector leaders. Six of 19 sectors advanced. Industrial Goods & Services led with 0.9%, followed by Real Estate (+0.8%) and Banks (+0.7%). On the downside, Travel & Leisure fell the most at 2.5%, followed by Technology (-1.2%) and Construction & Materials (-1.1%).

HoSE matched value fell 7.3% to VND24.0tn (USD926.6mn), remaining above the 20-session average. Foreign investors net sold VND888.9bn (USD34.3mn), extending their net selling streak to 12 consecutive sessions. Despite broad profit-taking, buying activity concentrated in Gelex Group stocks: VIX rose 5.1% (VND1.5tn, USD56.3mn, the session’s largest traded value), GEX gained 6.7% (VND1.0tn, USD39.1mn) and GEE advanced 4.8% (VND303.8bn, USD11.7mn). In Real Estate, NVL rose 3.9% (VND682.3bn, USD26.3mn). Small-cap gainers on thin turnover included ASP, which rose to its ceiling price (+7.0%), CIG (+5.0%), SVD (+4.9%) and TCO (+4.7%).

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