Vietnam Daily Market Recap Jan 15 – DPM Update

Stocks fall as banks, real estate weigh on market

The VN-Index opened lower on Thursday and decreased sharply to 1851.73 at the end of the morning session, before a slight recovery in the afternoon left the index down 1.6% at 1,864.80 at the close. Market liquidity decreased, with total trading value dropping 11.6% DoD to VND41.1tn (USD1.5mn). The HNX Index traded in negative territory throughout the session, posting a 0.1% loss to close at 253.16.

BID (-6.9%) plunged today as the bank announced a private placement of over 264 million shares at VND38,900 per share (a 23.2% discount from today’s closing price of VND50,700), in a bid to raise nearly VND10.3tn (USD300,000). The issuance, targeting 33 professional investors including SCIC and Dragon Capital, is intended to bolster capital for credit activities in 2026 but comes with a one-year transfer restriction, which potentially dilutes existing shareholder value in the short term.

The top declining sectors today were Real Estate (-3.1%), Banks (-2.1%), and Utilities (-1.5%). Conversely, Insurance (+6.4%), Telecommunications (+4.4%), and Industrial Goods & Services (+3.5%) increased.

VIC (-4.4%), VCB (-5.3%), and BID (-6.9%) were the top underperformers today, while HDB (+6.8%), STB (+6.8%), and VNM (+4.8%) enjoyed gains.

Foreign investors net sold today with a total value of VND843.4bn (USD32mn), focusing on MSN (VND160.4bn, USD6.1mn), VCI (VND149.2bn, USD5.6mn), and SSI (VND144.6bn, USD5.4mn). Conversely, net buying was observed in VIC (VND211.1bn, USD8mn), TCB (VND158.6bn, USD6mn), and TCX (VND56.6bn, USD2.1mn).

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