Vietnam Daily Market Recap July 11 – ETF Report

Stocks surge, led by real estate, financials

The VN-Index opened higher on Friday and remained in positive territory throughout the session, closing up 0.8% at 1,457.8, posting its fifth straight day of gains. Market liquidity increased by 15.5% DoD to VND31.9tn (USD1.2bn). In contrast, the HNX Index reversed course in the afternoon session, posting a smaller gain of 0.1% to close at 238.8. For the week, the VN-Index surged 5.1%, with average daily trading value advancing over 30%, reaching VND30.3tn (USD1.2bn).

Sector performance was mixed, with Real Estate (+2.1%), Financial Services (+2.1%) and Basic Resources (+1.8%) leading gainers. In contrast, sectors such as Oil & Gas (-1.2%), Telecommunications (-0.5%) and Media (-0.4%) declined.

The VN30 (+1.6%) reached its all-time high today, as foreign investor inflows anticipate a potential reclassification of Vietnam to secondary emerging-market status from frontier. Vietnamese authorities are intensifying efforts to upgrade the country’s stock market classification, with a key evaluation by FTSE Russell expected in September. According to World Bank estimates, achieving emerging market status could attract ~USD25bn in new international capital by 2030.

Top performers today included VIC (+6.0%), VCB (+2.1%) and VHM (+2.2%). Top laggards included VPL (-1.5%), CTG (-0.9%) and HVN (-1.6%).

Foreign investors continued their net buying today, marking the eighth consecutive session of net buying, with a total value of VND1.2tn (USD46.8mn). Buying momentum focused on SSI (VND513bn, USD19.7mn), HPG (VND269bn, USD10.4mn) and VHM (VND125bn, USD4.8mn). On the other hand, top net sold stocks were SHB (VND118bn, USD4.5mn), CTG (VND98.1bn, USD3.8mn) and E1VFVN30 (VND70.4bn, USD2.7mn). For the week, foreign investors net bought VND6.9tn (USD268.6mn) amid a tariff agreement between Vietnam and the US and market upgrade expectations.

Read the full report: HERE