Vietnam Daily Market Recap August 27

Stocks advance, led by VCB

The VN-Index opened higher on Wednesday, remained in the positive territory throughout the session to close up 0.3% at 1,672.8. Market liquidity improved, with total trading value increasing 20.4% DoD to VND47.3tn (USD1.8bn). The HNX Index followed a similar pattern as the VN-Index, increasing 0.2% to close at 276.4.

Most sectors increased today, led by Technology (+4.3%), Media (+2.8%) and Financial Services (+1.3%), while Oil & Gas (-1.5%), Real Estate (-0.8%) and Utilities (-0.8%) declined.

VCB (+7.0%) hits its ceiling price today, following the major news that S&P Global Ratings has upgraded its long-term issuer credit rating for Vietcombank to ‘BB+’ with a ‘Stable’ outlook. The upgrade reflects the bank’s strong capitalization and leading market position in Vietnam. This positive assessment signals growing confidence in VCB’s asset quality and profitability.

Top performers today included VCB (+7.0%), FPT (+5.0%) and BID (+2.4%), while top laggards included VIC (-2.6%), VPB (-2.9%) and LPB (-3.7%).

Foreign investors net sold today with a total value of VND4.1bn (USD26.1mn). Selling pressure was heavily concentrated on HPG (VND958bn, USD36.9mn), marking the 7th consecutive session of foreign investor net selling the stock. They also net sold VPB (VND535bn, USD20.6mn) and CTG (VND405bn, USD15.6mn). On the other hand, net buying was seen in FPT (VND292bn, USD11.2mn), GMD (VND189bn, USD7.3mn) and VIX (VND83.3bn, USD3.2mn).

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