Vietnam Daily Market Recap July 22 – TCB & DGC Earnings

Stocks surge through 1,500, led by travel & leisure

The VN-Index opened lower on Tuesday, but subsequently increased throughout the session, surging through the 1,500 level, closing up 1.6% at 1,509.5, a fresh three-year-high. Market liquidity dipped, with total trading value declining 4.7% DoD to VND33.7tn (USD1.3bn). The HNX Index followed a similar pattern, increasing 0.8% to close at 247.9.

Most sectors increased today, with Travel & Leisure (+5.1%), Financial Services (+3.1%) and Real Estate (+2.6%) leading gainers. In contrast, only Utilities (-0.4%) and Construction & Materials (-0.1%) declined.

Top performers today included VIC (+4.9%), VHM (+3.8%) and VCB (+1.5%), while top laggards included VPL (-0.6%), TCB (-0.3%) and GVR (-0.5%).

CTS (+7.0%) hit its ceiling price today, as VietinBank Securities (CTS) reported a 741% year-over-year increase in after-tax profit for the second quarter of 2025, reaching VND175bn (USD6.8mn). This impressive growth was driven by a 111% surge in total revenue to VND579bn (USD22.3mn), while operating expenses only rose by 45%. The positive results were attributed to strong performance in brokerage revenue, gains from selling financial assets, and income from loans.

Foreign investors net sold today with VND1.8tn (USD6.7mn), with selling momentum concentrated on VJC (VND2.0tn, USD76mn). They also net sold SSI (VND230bn, USD8.8mn) and SHB (VND156bn, USD6.0mn). On the other hand, buying momentum focused on HPG (VND67.8bn, USD2.6mn), TPB (VND62.5bn, USD2.4mn) and VCB (VND60.1bn, USD2.3mn).

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